Thursday, December 7, 2017

Stock Market Opening Bell & Market Update for 07-12-2017

Market Live: Sensex rebounds 100 pts, Nifty reclaims 10,050; all sectoral indices up

Equity benchmarks bounced back in opening, backed by short covering in beaten down stocks like banks, auto and metals stocks. The Sensex had fell more than 200 points in previous session.

The 30-share BSE Sensex was up 87.41 points at 32,684.59 and the 50-sahre NSE Nifty gained 28.40 points at 10,072.50.

JSW Steel, Tata Steel, SAIL, Aurobindo Pharma, GAIL, HPCL, Tech Mahindra, Eicher Motors, Bharti Airtel and Reliance Industries were early gainers while Bharti Infratel, Power Grid and UltraTech Cement were under pressure.

Nifty Midcap was up 0.35 percent and Nifty Bank gained 0.2 percent.

IRB Infrastructure shares fell nearly 4 percent after CBI filed a chargesheet against the company with Pune Sessions Court in illegal land purchase case. CBI had searched company's offices in Pune & Mumbai in January, 2015.

Fortis Healthcare was down 2.5 percent. 63 Moons plunged nearly 17 percent.

Petronet LNG, Bombay Dyeiing, Ansal Properties, Puravankara, Hansan Agro, Claris Life and United Breweries gained 1-3 percent.

Asian markets were mixed today, as the Nikkei 225 recouped some losses, trading 1.3 percent higher after falling around 2 percent on Wednesday.


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