Wednesday, 1 June 2016

Live Share Market News

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
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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