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Sensex, Nifty maintain uptrend; Bank IT indices gainers

Dec 16, 2015, 01.30 PM | Source: Moneycontrol.com

Bharti Airtel, GAIL, ONGC, ICICI Bank and NTPC are top gainers while M&M, ITC, Wipro and Maruti are losers in the Sensex.

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Sensex, Nifty maintain uptrend; Bank & IT indices gainers

Bharti Airtel, GAIL, ONGC, ICICI Bank and NTPC are top gainers while M&M, ITC, Wipro and Maruti are losers in the Sensex.

13:30

TheNewsInternational Team

The market continues its uptrend momentum as the Sensex is up 190.63 points or 0.7 percent at 25511.07. The Nifty is up 58.05 points or 0.7 percent at 7758.95. About 1560 shares have advanced, 902 shares declined, and 222 shares are unchanged.

Bharti Airtel, GAIL, ONGC, ICICI Bank and NTPC are top gainers while M&M, ITC, Wipro and Maruti are losers in the Sensex.

Prime Minister Narendra Modi will recalibrate budget priorities in 2016 to focus on social initiatives, such as the country’s first major crop insurance scheme, while capping previously prioritised infrastructure spending, officials say.

Modi splurged on roads and railways this year in a strategy to spur economic growth. But it came partly at the expense of federal programmes for farmers and the poor, suffering through back-to-back drought years.

In the first confirmation of a shift in strategy, a senior government source with knowledge of deliberations for Modi’s second full budget said New Delhi would focus more on the social sector following what he described as a “shocking” defeat in last month’s state elections in largely rural Bihar.

12:00

Sensex, Nifty strong; GAIL, Bharti, ONGC lead gainers

Shares of ONGC, Bharti Airtel, GAIL and ICICI Bank rallied 2-4 percent followed by Infosys, TCS, HDFC, L&T, SBI and Axis Bank. Mahindra & Mahindra was down nearly 4 percent after the Supreme Court has put a ban on registration of diesel vehicles (having over 2000cc engine capacity) partially in Delhi.

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11:19

Sensex, Nifty hold gains; M&M falls 4%, ITC down 1%Read More »

GAIL, ONGC, Bharti Airtel, ICICI Bank and BHEL are top gainers while M&M, ITC, Wipro and Coal India are losers.

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10:00

Sensex up 200 pts, Nifty above 7750 on positive global cuesRead More »

The broader markets also traded in line with benchmarks as the BSE Midcap and Smallcap indices gained 0.8 percent each.

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09:15

Sensex opens higher, Nifty still below 7750; M&M, Wipro dipRead More »

M&M, Wipro and Tata Motors are major losers while NTPC, TCS, HDFC twins and Tata Steel.

Read More »

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