Tuesday, 17 May 2016

Sensex, Nifty hold early gains; HDFC, Axis Bank, ONGC lead

Axis Bank and ONGC rallied more than 2 percent followed by HDFC and Bharti Airtel with over a percent upside while SBI and ICICI Bank lost early gains.

Axis Bank and ONGC rallied more than 2 percent followed by HDFC and Bharti Airtel with over a percent upside while SBI and ICICI Bank lost early gains.

According to him, monsoon is making steady progress till now and few drops in Mumbai will be enough to push market out of the tight range it is stuck in.

Also read - Sensex likely to touch 26,000 levels by December 2016: HSBC 

10:00 am Market Check

Equity benchmarks maintained early gains with the Sensex rising over 150 points, led by oil, auto, infra, technology and select FMCG stocks. The broader markets also gained, rising 0.4 percent.

The 30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty advanced 46.45 points to 7907.20. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange.

Axis Bank and ONGC rallied more than 2 percent followed by HDFC and Bharti Airtel with over a percent upside while SBI and ICICI Bank lost early gains.

Most Asian markets advanced as energy plays rallied after rising oil prices spurred a banner session on Wall Street. Japan's benchmark Nikkei 225 index tacked on 0.75 percent, likely boosted in part by a slightly weaker yen.
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3 comments:

Stock Tips Guru said...

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aditi said...

HDFC, SBI, ICICI, Axis Bank are the top players of their segment. CNX bank nifty's major part is occupied by them. For similar updates and accurate stock tips join Epic Research.

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