Sunday 10 April 2016

Sensex, Nifty open marginally higher; Bharti, Sun Pharma lead --- 11 April 2016

The market started off week on a flat-to-positive note. The Sensex rose 41.81 points to 24715.65 and the Nifty advanced 13.35 points to 7568.55.

                                             
Bharti Airtel topped buying list on Sensex, up 3.11 percent after acquisition of 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore.

BHEL rose 1.6 percent after a media report indicated that NTPC’s Bangla JV awarded EPC contract to company for USD 2.4 billion. Sun Pharma was up 1.44 percent on USFDA approval for BromSite. 

ONGC, Adani Ports, Tata Motors and Idea Cellular were other gainers while Infosys, Cipla, M&M, HDFC, Tata Steel, Asian Paints, Wipro and BPCL were losers. The Indian rupee opened lower by 3 paise at 66.50 per dollar today against 66.47 Friday.

The 30-share index was trading at 24,698, up 25 point or 0.10 per cent. It touched a high of 24,791.36 and a low of 24,693.87 in morning trade.

The Nifty50 was trading at 7,564 up 10 point or 0.12 per cent. It touched a high of 7,580.80 and a low of 7,562.60 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index was trading 0.33 per cent higher.

Bharti Airtel (up 3 per cent), BHEL (up 1.6 per cent), Sun Pharma (up 1.4 per cent), ONGC (up 1.4 per cent), and Adani Ports (up 1 per cent), were the major Sensex gainers 

M&M (down 1 per cent), Infosys (down 1.03 per cent), Cipla (down 0.75 per cent) and Asian Paints (down 0.73 per cent) were the major Sensex losers. 

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