The market bounced back with moderate gains amid mixed
global cues on Wednesday. The Sensex rose 53.49 points to 26721.45 and the
Nifty advanced 20.70 points to 8180.80. For more information visit www.marketmagnify.com/stock-cash-tips.php
Benchmarks also reacted positively to better-than-expected GDP data at 7.9 percent for the fourth quarter FY16 and five-year high of 7.6 percent for full year.
Axis Bank, ITC, M&M, BPCL and Tata Power were early gainers while Tata Motors, ICICI Bank, NTPC and SBI declined.
Asian markets were mixed with Hang Seng higher by 0.06 percent, the Nikkei 225 down 0.69 percent and the Shanghai Composite trading flat.
Microsoft sells 1500 patents to Xiaomi to start partnership
The deal, announced on Wednesday, also includes a patent
cross-licensing arrangement and a commitment by Xiaomi to install copies of
Microsoft software, including Office and Skype, on its phones and tablets.
ICICI, L&T, BPCL, HUL, Tata Motors to outperform: Credit Suisse
ICICI, L&T, BPCL, HUL, Tata Motors to outperform: Credit Suisse
Outperforms include ICICI Bank, L&T, BPCL, HUL, Tata
Motors, Shriram Transport and underperforms include SBI, Bharti Airtel &
BHEL," Neelkanth Mishra of Credit Suisse says .
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