Thursday, 13 August 2015

Equity Market Analysis: Nifty Up 58.50 points

The rupee opened marginally higher at 64.72 per dollar against 64.77 Wednesday.

After severe cut yesterday, the market has opened higher Thursday on strong macro data. The Sensex is up 204.94 points or 0.7 percent at 27717.20, and the Nifty is up 58.50 points or 0.7 percent at 8407.95. About 654 shares have advanced, 205 shares declined, and 71 shares are unchanged. Bharti Airtel, Cipla, ICICI Bank, Tata Steel and ONGC are top gainers in the Sensex. Among the losers are TCS, ITC and GAIL.
The 30-share index was trading at 27770, up 257 points or 0.94 per cent. It touched a high of 27,783.96 and a low of 27,623.19 in trade today. The S&P Sensex surged over 250 points in trade on Thursday, led by gains in ICICI Bank, HDFC Bank, Bharti Airtel, RIL and State Bank of India.

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