Market Live:
D-Street bets on strong Q1 GDP growth, Sensex up 100 points; Wipro surges 6%
Among sectors, banks are trading flat, while pharmaceuticals and IT are
the lead gainers among other indices. Metals and infrastructure are also in the
green.
It’s a good start
on this Monday morning on D-Street as investors are betting on positive GDP
data for the June quarter of this fiscal. The figure rose to 8.2 percent in Q1
of FY19.
The Sensex is up
149.60 points or 0.39% at 38794.67, while the Nifty is up 36.50 points or 0.31%
at 11717.00. The market breadth is positive as 398 shares advanced, against a
decline of 112 shares, while 36 shares were unchanged.
Among sectors,
banks are trading flat, while pharmaceuticals and IT are the lead gainers among
other indices. Metals and infrastructure are also in the green. The Nifty auto
is trading higher on the back of auto sales data for August. In the broader
markets, the Nifty Midcap index is up over quarter of a percent.
The Indian economy
grew 8.2 percent in April-June this year, the highest in two years, amid signs
that households are buying more and companies are adding capacities, shrugging
off the disorderly effects of the twin shocks of demonetisation and the goods
and services tax (GST).
Shares of Wipro are
higher by 6 percent after it signed its biggest deal.Wipro, HPCL, Eicher Motors
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