Monday, 7 March 2016

Nifty hits 7500, Sensex firm; SBI, ICICI, TCS drag -- 8 Mar 2016

The market has opened flat on Tuesday but soon gained strenght. The Nifty hit 7500, up 16.55 points and the Sensex is up 50.62 points or 0.2 percent at 24697.10. 

Hindalco, ONGC, Coal India, Infosys and HDFC are top gainers and SBI, ICICI Bank, TCS, Lupin and Adani Ports were losers. 

The Indian rupee opened lower by 13 paise at 67.21 per dollar versus 67.08 Friday. The dollar fell against a basket of currencies as big gains in oil prices rekindled demand for the euro and commodity-sensitive currencies.

The 30-share index was trading at 24,655, up 8 points or 0.03 per cent. It touched a high of 24,710.10 and a low of 24,629.23 in morning trade. 

The Nifty50 was trading at 7490 up 5.5 points or 0.07 per cent. It touched a high of 7,505.30 and a low of 7,482.65 in the first 30 minutes of trade.
The S&P BSE Midcap Index was up 0.01 per cent and BSE S&P Smallcap Index was trading 0.14 per cent higher. 
BHEL (up 3 per cent), ONGC (up 2 per cent), Tata Steel (up 1.7 per cent), Coal India (up 1.4 per cent), and Gail India (up 1 per cent), were the major Sensex gainers. 
SBI (down 2.1 per cent), TCS (down 2 per cent), HUL (down 1.7 per cent), and ICICI Bank (down 1.5 per cent) were the major Sensex gainers. 

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