Thursday 7 April 2016

Sensex, Nifty consolidate; Reliance, ICICI Bank, Lupin gain --- 8 April 2016

The Sensex rose 40.75 points to 24726.17 and the Nifty added 20.70 points to 7567.15. 

                                                 
The broader markets extended gains a bit with BSE Midcap and Smallcap indices rising 0.5 percent each. The market breadth remained positive as about 1225 shares advanced against 704 declining shares on BSE.

Reliance Industries, ICICI Bank, Lupin, NTPC, Dr Reddy's Labs, Hindalco, GAIL and BHEL were leading gainers on Sensex, up 1-3 percent while Infosys, TCS, HUL, Hero Motocorp, Axis Bank and Bharti Airtel declined. 

Oil prices edged up today, lifted by firm economic indicators from the United States and Germany which could support fuel demand, but analysts warned that crude markets were threatened by another downturn because of ongoing oversupply. 

Front month US West Texas Intermediate (WTI) crude futures were trading at $38.08 per barrel, up 82 cents from their last close. International Brent futures were up 67 cents at USD 40.10 a barrel.

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