Wednesday, 16 November 2016

Nifty reclaims 8200, Sensex rises over 300 pts

The market has seen a super strong opening after losing 1200 points in last two consecutive sessions. The Nifty is up 95.45 points or 1.2 percent at 8203.90 and the Sensex is up 257.01 points or 0.9 percent at 26561.64. About 781 shares have advanced, 134 shares declined, and 25 shares are unchanged. Asian Paints, ICICI Bank, Adani Ports, Tata Motors and SBI are top gainers while Axis Bank is down. The Indian rupee opened marginally higher at 67.68 per dollar versus previous close 67.74. NS Venkatesh of Lakshmi Vilas Bank said, "The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable."
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The market has seen a super strong opening after losing 1200 points in last two consecutive sessions. The Nifty is up 95.45 points or 1.2 percent at 8203.90 and the Sensex is up 257.01 points or 0.9 percent at 26561.64. About 781 shares have advanced, 134 shares declined, and 25 shares are unchanged. Asian Paints, ICICI Bank, Adani Ports, Tata Motors and SBI are top gainers while Axis Bank is down. The Indian rupee opened marginally higher at 67.68 per dollar versus previous close 67.74. NS Venkatesh of Lakshmi Vilas Bank said, "The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable."

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-reclaims-8200-sensex-rises-over-300-pts-tata-motors2_7969321.html?utm_source=ref_article

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