Markets extend gains; RIL, Bharti Airtel shares advance
16/11/2017 10:16
The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking mixed trend across global peers backed by beaten down stocks.
The market may see stock specific movement in absence of any major development on the domestic or global front.
On the corporate front, stocks of Fortis Healthcare remained in focus after the company said it would buy back the real estate assets from Religare Healthcare Trust (RHT) for Rs 4,650 crore. Reliance Nippon Life fell below its issue price of Rs 252 per share, following correction in other Anil Dhirubhai Ambani Group stocks.
At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 32920 up by 159.56 points or by 0.49 per cent, while the NSE Nifty was at 10150.9 up by 32.85 points or by 0.32 per cent.
The BSE Sensex touched an intraday high of 32924.24 and an intraday low of 32829.82 while the NSE Nifty touched an intraday high of 10168.9 and an intraday low of 10139.2.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 897.30,+1.69 per cent), Bharti Airtel Ltd. (Rs. 492.75,+1.11 per cent), Tata Motors Ltd. (Rs. 413.00,+1.08 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 2326.65,+0.85 per cent), Axis Bank Ltd. (Rs. 546.50,+0.81 per cent), among others.
Meanwhile, Adani Ports & Special Economic Zone Ltd. (Rs. 396.35,-2.68 per cent), Coal India Ltd. (Rs. 269.20,-1.17 per cent), Power Grid Corporation of India Ltd. (Rs. 206.45,-0.31 per cent), Hero MotoCorp Ltd. (Rs. 3665.20,-0.28 per cent), Hindustan Unilever Ltd. (Rs. 1262.75,-0.16 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2094 shares traded, 1292 shares advanced, 719 shares declined while 83 were unchanged.
On the global front, Asian stocks were trading mixed after Wall Street stumbled despite upbeat US economic news, while the Wall Street closed lower in the previous trading session as energy sector shares dropped for a fourth straight session, tracking crude prices.
16/11/2017 10:16
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking mixed trend across global peers backed by beaten down stocks.
The market may see stock specific movement in absence of any major development on the domestic or global front.
On the corporate front, stocks of Fortis Healthcare remained in focus after the company said it would buy back the real estate assets from Religare Healthcare Trust (RHT) for Rs 4,650 crore. Reliance Nippon Life fell below its issue price of Rs 252 per share, following correction in other Anil Dhirubhai Ambani Group stocks.
At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 32920 up by 159.56 points or by 0.49 per cent, while the NSE Nifty was at 10150.9 up by 32.85 points or by 0.32 per cent.
The BSE Sensex touched an intraday high of 32924.24 and an intraday low of 32829.82 while the NSE Nifty touched an intraday high of 10168.9 and an intraday low of 10139.2.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 897.30,+1.69 per cent), Bharti Airtel Ltd. (Rs. 492.75,+1.11 per cent), Tata Motors Ltd. (Rs. 413.00,+1.08 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 2326.65,+0.85 per cent), Axis Bank Ltd. (Rs. 546.50,+0.81 per cent), among others.
Meanwhile, Adani Ports & Special Economic Zone Ltd. (Rs. 396.35,-2.68 per cent), Coal India Ltd. (Rs. 269.20,-1.17 per cent), Power Grid Corporation of India Ltd. (Rs. 206.45,-0.31 per cent), Hero MotoCorp Ltd. (Rs. 3665.20,-0.28 per cent), Hindustan Unilever Ltd. (Rs. 1262.75,-0.16 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2094 shares traded, 1292 shares advanced, 719 shares declined while 83 were unchanged.
On the global front, Asian stocks were trading mixed after Wall Street stumbled despite upbeat US economic news, while the Wall Street closed lower in the previous trading session as energy sector shares dropped for a fourth straight session, tracking crude prices.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
