Wednesday, 16 November 2016

Sensex, Nifty volatile; IT stocks outperform on rupee


The market is very volatile as the Sensex is up 191.68 points or 0.73% at 26496.31. The Nifty is up 49.65 points or 0.6 percent at 8158.10. About 1222 shares have advanced, 992 shares declined, and 105 shares are unchanged. Asian Paints, TCS, Infosys, Maruti and Tata Motors are gainers while Lupin, Dr Reddy's, GAIL, ITC and Tata Steel are losers in the Sensex. Gold prices rose by 0.24 percent to Rs 29,390 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. Likewise, the yellow metal for delivery in far-month February next year moved up by Rs 50 or 0.17 percent to Rs 29,156 per 10 gram in five lots. Analysts said fresh positions created by traders in line with a firm global trend after gold snapped its biggest three-day drop in more than a year amid signs that prices fell too far, too fast and as the dollar weakened for the first time since last week's US presidential election, influenced the precious metal prices at futures trade.

For more information and best trading tips, Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com
The market is very volatile as the Sensex is up 191.68 points or 0.73% at 26496.31. The Nifty is up 49.65 points or 0.6 percent at 8158.10. About 1222 shares have advanced, 992 shares declined, and 105 shares are unchanged. Asian Paints, TCS, Infosys, Maruti and Tata Motors are gainers while Lupin, Dr Reddy's, GAIL, ITC and Tata Steel are losers in the Sensex. Gold prices rose by 0.24 percent to Rs 29,390 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. Likewise, the yellow metal for delivery in far-month February next year moved up by Rs 50 or 0.17 percent to Rs 29,156 per 10 gram in five lots. Analysts said fresh positions created by traders in line with a firm global trend after gold snapped its biggest three-day drop in more than a year amid signs that prices fell too far, too fast and as the dollar weakened for the first time since last week's US presidential election, influenced the precious metal prices at futures trade.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-volatile-it-stocks-outperformrupee_7970061.html?utm_source=ref_article

No comments:

Post a Comment