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Nifty hits 7600, Sensex up over 150 pts; metal, infra lead

Sep 08, 2015, 12.15 PM | Source: Moneycontrol.com

GAIL, ICICI Bank, Tata Steel, NTPC and Axis Bank are top gainers while HUL, Cipla, lupin, Sun Pharma and Bharti Airtel are major losers in the Sensex.

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Nifty hits 7600, Sensex up over 150 pts; metal, infra lead

GAIL, ICICI Bank, Tata Steel, NTPC and Axis Bank are top gainers while HUL, Cipla, lupin, Sun Pharma and Bharti Airtel are major losers in the Sensex.

12:00

TheNewsInternational Team

Supported by buying interest in banks, capital goods, metals, IT and auto, the market is rallying ahead. The Sensex is up 180.87 points or 0.7 percent at 25074.68 and the Nifty is up 61.10 points or 0.8 percent at 7619.90. About 786 shares have advanced, 1519 shares declined, and 96 shares are unchanged.

GAIL, ICICI Bank, Tata Steel, NTPC and Axis Bank are top gainers while HUL, Cipla, lupin, Sun Pharma and Bharti Airtel are major losers in the Sensex.

The anatomy of the fall in the stock market is macro-driven and hence all are going down together, says Nandita Parker of Karma Capital. It is, therefore, a good time to buy, she says.

According to her, once the US Federal Reserve meeting is out of the way, a lot of the uncertainty in the market will abate. She also says that India is a big beneficiary of everything that has gone wrong with China and the fall in energy prices.

Post the Fed meet, as more clarity emerges on the global scenario, the Reserve Bank governor Raghuram Rajan will also have the liberty to lower rates.

11:00

Nifty eyes 7600, Sensex firm; GAIL up 4%, Infosys gains 1%

GAIL, ICICI Bank, NTPC, Tata Steel and Wipro are top gainers while Cipla, HUL, Lupin, Sun Pharma and Bharti Airtel are major losers in the Sensex.

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10:00

Nifty holds 7550; Bankex up 1%, Midcap underperformsRead More »

GAIL, Axis Bank, Tata Steel, NTPC and ICICI Bank are top gainers in the Sensex. Among the losers are Cipla, Lupin, Dr Reddy’s Labs, Vedanta and Bharti Airtel.

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09:15

Nifty above 7550, Sensex flat; HDFC & GAIL up, HUL drags 2%Read More »

GAIL, HDFC, Tata Steel, Tata Motors and NTPC are top gainers in the Sensex. Among the losers are Lupin, Vedanta, Dr Reddy’s Labs, Cipla and HUL are among losers.

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