Tuesday, 17 November 2015

Sensex up over 100 pts, Nifty eyes 7850; ICICI, SBI lead | Stock Market Tips

ICICI Bank, Vedanta, SBI, L&T, BHEL, Idea Cellular, Cairn India and Tata Power were early gainers, up around a percent each. Dr Reddy's Labs, Bharti Airtel, GAIL, Hero Motocorp, Infosys and HCL Technologies were losers.

The market has extended rally in early trade Tuesday, taking positive cues from global peers. The 30-share
BSE Sensex climbed 109.17 points to 25869.27 and the 50-share NSE Nifty gained 30.95 points at 7837.55.
On the data front, the trade deficit for the month of October shrunk below the USD 10 billion mark.

On the
global front, stocks in the US gained on a sharp jump in oil prices boosted by geopolitical concerns following weekend terror attacks in Paris. Major indices closed more than 1 percent higher, recovering some of their sharp declines of last week. On the economic data front, November empire manufacturing index came in at minus 10.

Asian markets remained strong, taking positive lead from Wall Street. Shanghai, Nikkei, Hang Seng, Kospi and Taiwan Weighted gained 1-2 percent.

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