The market remained
in a positive terrain following further contraction in WPI inflation.
The Sensex gained 94.15 points at 25704.36 and the Nifty rose 26.10
points to 7815.40.
The broader markets
continued to outperform benchmarks with the BSE Midcap and Smallcap
indices rising 1 percent and 0.7 percent, respectively. About 1448
shares have advanced against 768 shares declined on the Bombay Stock
Exchange.
NTPC, Tata Steel,
Axis Bank, Wipro and GAIL are top gainers in the Sensex while
Reliance, ONGC, Bajaj Auto, Hero MotoCorp and HDFC are among laggards
in the Sensex.
The US Federal
Reserve is unlikely to raise interest rates too fast and to a high
level, feels Willem Buiter, Global Chief Economist, Citi.
Global markets are
watching the Fed's move on interest rates on Thursday, as the economy
continues to be on the mend.
In an interview
with CNBC-TV18, Buiter says there is ample liquidity in global
markets and does sees the recent downgrade of Brazil's rating as a
country specific development.
Read More - Nifty Tips
No comments:
Post a Comment