Home / Business / Money / Sensex, Nifty hold gains; FY15 GDP growth seen at 5.5%

Sensex, Nifty hold gains; FY15 GDP growth seen at 5.5%

Sesa Sterlite, M&M, BHEL, Coal India and Hero MotoCorp are top gainers. Bharti Airtel, HUL, GAIL, ITC and Bajaj Auto are major losers in the Sensex.

11:00

The News International Team

The market is holding on its early gains. The Sensex is up 310.32 points or 1.1 percent at 27436.89 and the Nifty is up 87.85 points or 1 percent at 8247.15. About 1592 shares have advanced, 634 shares declined, and 66 shares are unchanged.

Sesa Sterlite, M&M, BHEL, Coal India and Hero MotoCorp are top gainers. Bharti Airtel, HUL, GAIL, ITC and Bajaj Auto are major losers in the Sensex.

The government has released its mid-year economy review. The government estimates FY15 GDP growth seen at around 5.5 percent.

Brian Kelleher, Morgan Stanley says India’s BSE Sensex has fallen 6.2 percent as global risk aversion started to take hold from December 4, slightly lagging MSCI Asia Pacific ex-Japan.

“We acknowledge that India remains one of the best-performing markets globally in 2014, but given the strong reform momentum, we think this pause is a good opportunity to revisit some strong buying ideas,” he adds.

10:00

Sensex up 300 pts; heavyweights lead, Monte Carlo falls 9%

Monte Carlo Fashions opened at Rs 584, down 9.5 percent compared to issue price of Rs 645 a share. It was trading down 3 percent at Rs 626.50.

Read More »

09:15

Sensex up over 200 pts, Nifty above 8200; Infosys gains 2%Read More »

Infosys, Wipro, BHEL, Axis Bank and Sesa Sterlite are top gainers in the Sensex. Among the losers are Bharti Airtel, ITC, HUL.

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 ...