Home / Business / Money / Sensex, Nifty rise 1%; Sun Pharma, GAIL, BHEL gain 3-4%

Sensex, Nifty rise 1%; Sun Pharma, GAIL, BHEL gain 3-4%

GAIL, BHEL, Hindalco, Sun Pharma and Tata Steel are top gainers.

11:00

TheNewsInternational Team

11:30 am Market outlook:

The new year is going to herald the start of a consumption boom, thanks to robust government spending as well as with measures such as the implementation of the Pay Commission recommendations coming in, says Krishna Kumar Karwa, Managing Director of Emkay Global Financial Services. In an interview with CNBC-TV18, Karwa said he would advise investors to take exposure to autos, affordable housing, cement and consumer durable sectors. “Rural and semi-urban India has been struggling but the Pay Commission implementation will revive them,” he said.

Don’t miss: Alkem Laboratories debuts 31% higher at Rs 1380/share

The market continues to rise ahead of a long holiday session. The Sensex is up 263.79 points or 1 percent at 25854.44 and the Nifty gains 75.95 points or 0.9 percent at 7862.05. About 1609 shares have advanced, 575 shares declined, and 161 shares are unchanged.

GAIL, BHEL, Hindalco, Sun Pharma and Tata Steel are top gainers.

Oil prices rose after the US benchmark WTI overtook its European counterpart Brent in reaction to the lifting of a 40-year US crude exports ban.

But Brent regained lost ground and analysts said an imminent report by the Department of Energy on US oil inventories could reverse recent gains ahead of the long Christmas Day weekend. At 0830 IST, the two standards stood roughly at parity.

Prices have particularly slumped since December 4 when the OPEC oil producers’ group decided against limiting production despite tepid demand and the supply glut as exporters fight to keep market share.

10:00

Sensex gains over 240pts; Alkem, Dr Lal debut 30-32% higher

GAIL, Tata Steel, BHEL, Sun Pharma and Vedanta are top gainers while Wipro loser in the Sensex.

Read More »

09:15

Nifty above 7800, Sensex up over 100 pts; Tata Steel gainsRead More »

Tata Steel, Hindalco, Vedanta, Sun Pharma and GAIL are top gainers in the Sensex.

Read More »

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