Wednesday 18 January 2017

Sensex gains strength, Nifty inches towards 8450; GAIL surges 5%

Benchmark indices gained strength amid volatility in noon trade with the Nifty inching towards 8450 level, supported by oil & gas, PSU banks and telecom stocks. All major sectoral indices were trading in green, with Automobile, Banks, FMCG and Metal stocks pulling the broader markets up. GAIL, Tata Motors (D), Idea Cellular, BPCL and Tata Motors were the top gainers on Nifty. UltraTechCement, Wipro, Axis Bank, Hindalco and Cipla were the top losers. Today, 1400 shares have advanced against the declination of 1113 shares, where 286 shares have remained unchanged.

In Asian Market, Japan's Nikkei has moved up 177 points at 19072, Hang Seng has dropped 76 points at 23021 while China's benchmark index Shanghai Composite has lost 11 points at 3101.
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