Wednesday, May 10, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex reclaims 30K in opening trade, Nifty at all-time high; pharma stocks gain

Benchmark indices opened on a positive note, with indices achieving key milestones in the opening trade. The Sensex clocked 30,000 before coming lower. The Bank Nifty and midcap index were up around half a percent.

The Sensex was up 62.04 points at 29995.29, while the Nifty up 25.65 points at 9342.50. The market breadth was very healthy as 399 shares advanced against a decline of 97 shares, while 35 shares were unchanged.

ONGC, Cipla, Aurobindo Pharma and Grasim were top gainers on both the indices, while Bharti Airtel, Hero MotoCorp, and Bharti Infratel lost the most.

GMDC was up around 11 percent after its results, while Blue Star was also higher around 1 percent due to better earnings performance.

The currency markets are shut today on account of Buddh Purnima.

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