Daily Wrap @FundooMoney, September 18, 2017

Nifty closed at an all time high on a day when the global markets started increasingly on the decision by US Federal Reserve on Wednesday, September 20.

Major points

* The Sensex closed at 32,423.76 points, up by 151.15 points while 
Nifty closed at 10,150, or up by 67.50 points, a record high.

* Mid cap stocks did well.

* Markets would have closed higher had it not been for the late session trading.

* The reason for the upmove was Friday's Wall Street gains rubbing off. There was also no fresh provocation of North Korea missile test.

* In August 2017, domestic mutual funds have been responsible for inflows of Rs 20,000 crore. These inflows have played a major role in the constant rise in the stock markets.

* Among the shares that did well was Cadila Healthcare. Punj Loyd shares went up after news of it bagging a major order. Bajaj Auto, HUL and L&T share also gained

* Asian and European markets also went up.

* In the US, data came out that US Industrial output fell in August due to Hurricane Harvey

* Some surveys indicate that experts expect a 50% chance of a rate hike by the US Fed decision on Wednesday

* The Dollar went up against Yen in the lead up to the Fed meeting 111.42 Yen/Dollar. This is the best since November.

* Brent Crude rose to $55.91 as a result of lower capacity count of oil rigs in the US.