Thursday, 10 December 2015

Nifty struggles below 7650, Sensex flat; Reliance, HDFC up


free Nifty tips - The market is consolidating after seeing more than 1100 points fall in previous six consecutive sessions. The Sensex rose 36.73 points to 25072.78 and the Nifty gained 8.45 points at 7620.95. The market breadth was positive as about 1285 shares advanced against 815 declining shares on the BSE. Lupin and Sun Pharma fell more than 2 percent followed by Tata Motors, ICICI Bank, Mahindra & Mahindra, Maruti Suzuki, SBI and BHEL with 1-1.8 percent losses. Reliance Industries, HDFC, NTPC, GAIL, Hindalco and Vedanta topped the buying list on Sensex, up 1-2 percent.
http://www.researchvia.com/nifty-futures/
 The S&P BSE Sensex pared some of its gains after surging over 100 points in early morning trade on Thursday. The 50-stock barometer Nifty50 was trading around its crucial level of 7,650.
 
The broader markets traded mixed with the BSE midcap shedding 0.11 per cent in trade while the BSE smallcap index gained 0.36 per cent. Among the sectoral indices, the BSE Realty index was the top gainer, up 1.23 per cent. Realty stocks surged in trade, gaining up to 3 per cent after the Cabinet approved more than twenty amendments to the Real Estate (Regulatory) Bill, 2013 on Wednesday.
 
Shares of ABG Shipyard gained over 6 per cent in trade while that of Dish TV slumped over 3 per cent. Meanwhile, Vedanta and Hindalco traded higher by 2 per cent to become top gainers on the BSE benchmark.

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