Home / Business / Money / Nifty above 7950; Sun Pharma, Tata Steel, Hindalco lead

Nifty above 7950; Sun Pharma, Tata Steel, Hindalco lead

Sun Pharma, Tata Steel, Hindalco Industries, Coal India and Tata Power topped the buying list, up 1-1.6 percent followed by ITC, Reliance Industries, Infosys, TCS, ICICI Bank, HDFC and State Bank of India with 0.4-0.9 percent.

10:00

The News International Team

Equity benchmarks gained half a percent in morning trade supported by banks, technology, metals and healthcare stocks. The Sensex rose 128.60 points to 26621.11 and the Nifty climbed 38.80 points to 7971.70.

About 1086 shares have advanced, 998 shares declined, and 60 shares are unchanged. The broader markets saw consolidation after 4 percent loss in previous session.

Sun Pharma, Tata Steel, Hindalco Industries, Coal India and Tata Power topped the buying list, up 1-1.6 percent followed by ITC, Reliance Industries, Infosys, TCS, ICICI Bank, HDFC and State Bank of India with 0.4-0.9 percent.

However, Tata Motors, L&T, HDFC Bank, Sesa Sterlite, Maruti Suzuki and HUL declined 0.2-0.9 percent. Drug maker Cipla lost a percent as Nomura downgraded the stock to reduce with a price target of Rs 569/share. “Valuation seems expensive, so we prefer Dr Reddy’s Labs,” the brokerage said.

09:16

Sensex gains over 100pts, Nifty firm on global cues

Tata Power, Hindalco, L&T, Tata Steel and Wipro are top gainers in the Sensex.

Read More »

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...