Tuesday, 4 October 2016

Nifty reclaims 8800, Sensex gains over 100 pts; steel stocks up -- 5 Oct 2016

The market has opened firm with the Nifty scaling 8800. There is a positive sentiment in the market after Reserve Bank of India decided to cut rates in its bi-monthly monetary policy review yesterday. 

The 50-share index is up 37.20 points or 0.4 percent at 8806.35 while Sensex is at 285449, up 116 points or 0.4 percent. SBI, Tata Steel, GAIL, ICICIBank and Tata Motors are top gainers while Bajaj Auto, Asian Paints, M&M, Infosys and Hero MotoCorp are losers in the Sensex.

The Indian rupee opened lower by 17 paise at 66.63 per dollar on Wednesday against previous close 66.46.

The 30-share index was trading 100 points higher or 0.39 per cent at 28,444. It touched a high of 28,477.65 and a low of 28,422.40 in morning trade. 

The Nifty50 was trading at 8,790 up 21 points or 0.24 per cent. It touched a high of 8,806.95 and a low of 8,789.20 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was up 0.39 per cent and BSE S&P Smallcap Index was trading 0.57 per cent up. 

Tata Steel (up 1.4 per cent), SBI (up 1.42 per cent), GAIL India (up 0.98 per cent), Tata Motors (up 0.76 per cent), and HUL (up 0.7 per cent) were the major Sensex gainers. 

Bajaj Auto (down 0.5 per cent), Hero MotoCorp (down 0.57 per cent) and Infosys (down 0.42 per cent) were the major Sensex losers. 

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