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Sensex rallies 200 pts, Nifty hits 7850; Wipro NTPC rally

Sep 14, 2015, 03.21 PM | Source: Moneycontrol.com

WPI inflation declined for the 10th straight month, coming in at minus 4.95 percent. The decline, however, was much more than analysts expected. All eyes are now on August CPI data later today. A CNBC-TV18 poll sees inflation at 3.47 percent versus 3.78 percent month-on-month.

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Sensex up over 250 pts, Nifty above 7850; Wipro & NTPC soar

WPI inflation declined for the 10th straight month, coming in at minus 4.95 percent. The decline, however, was much more than analysts expected. All eyes are now on August CPI data later today. A CNBC-TV18 poll sees inflation at 3.47 percent versus 3.78 percent month-on-month.

14:00

TheNewsInternational Team

3:00 pm Market Expert:

It is prudent to wait for the FOMC meet to get over, but a sharp move based on one single event is unlikely, says Dipen Sheth, head institutional Research at HDFC Securities. He guesses that a rate hike in unlikely at the moment. There are other global activities that may make the Fed to think of delaying a rate hike, Sheth said.

In addition, Sheth does not see a major shake up by domestic institution. He also sees a decent headroom for inflows from retail investors.

2:45 pm Market Update:
Equity benchmarks extended rally with the Sensex rising 217.74 points or 0.85 percent to 25827.95 and the Nifty gaining 65.30 points or 0.84 percent at 7854.60.

About 1608 shares have advanced, 924 shares declined, and 101 shares are unchanged on the BSE. 

2:40 pm Buzzing: Shares of Rolta India climbed 5.8 percent intraday on additional 13 million dollar contract for engineering information asset solution. It has designed, developed and deployed this solution for one of the world’s largest petrochemical complexes.

The solution contains the integration of key engineering systems and information to support the complex work processes required by engineering studies, projects and management of change for as-built facilities.

The project is being managed by a global Rolta team working out of the United States, India and the Middle East, said the company in its filing to the exchange.

2:20 pm IPO News: 

13:15

Sensex, Nifty continue to rise; HUL, ONGC, Dr Reddy’s drag

Tata Steel, NTPC, Axis Bank, Vedanta and Hindalco are top gainers while Reliance, Bajaj Auto, HUL, ONGC and Dr Reddy’s Labs are major laggards.

Read More »

12:00

Sensex maintains uptrend; Aug inflation contracts furtherRead More »

WPI inflation in August came in at negative 4.95 percent against negative 4.05 percent in July and also better than CNBC-TV18 poll of negative 4.43 percent.

Read More »

11:00

Nifty inches towards 7850, Sensex steady; banks & metals upRead More »

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.

Read More »

10:00

Sensex, Nifty consolidate; Midcap, Smallcap outperformRead More »

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.6-0.8 percent. The market breadth remained positive as about 1032 shares have advanced against 569 shares declined on the Bombay Stock Exchange.

Read More »

09:15

Sensex, Nifty flat; Tata Steel & Wipro gain; Reliance downRead More »

Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers.

Read More »

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