Thursday, June 8, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex extends gains, Nifty eyes 9700; Tata Steel gains, TCS falls

Equity benchmarks extended gains in opening trade Thursday, with the Nifty eyeing 9700 level despite cautious trade in global peers ahead of UK elections and Comey testimony.

The 30-share BSE Sensex was up 52.93 points at 31,324.21 and the 50-share NSE Nifty gained 18.50 points at 9,682.40.

Tata Steel topped the buying list among Sensex stocks, up nearly 4 percent followed by Dr Reddy's Labs, HDFC, Tata Motors, Lupin, Aurobindo Pharma and Hindalco.

TCS, GAIL, ONGC, ITC, Infosys, Tata Power and Bharti Infratel were under pressure.


The Indian rupee retreated against the US dollar in early trade. It opened at 64.40, down 7 paise compared with previous closing level of 64.33 a dollar.

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