Friday 31 October 2014

Record opening: Nifty hits 8200, Sensex strong; Bharti up

Bhart Airtel, Infosys, ONGC, Cipla and Maruti are top gainers while Hindalco, HUL and Tata Motors are among the losers.
The market starts November series on a stellar note. The Nifty hit 8200 for the first time, up 32.15 points while the Sensex is up 92.73 points at 27439.06. About 499 shares have advanced, 91 shares declined, and 15 shares are unchanged. Bhart Airtel, Infosys, ONGC, Cipla and Maruti are top gainers while Hindalco, HUL and Tata Motors are among the losers. Asian stocks rose on the final trading day of the week following positive US data overnight, with focus on developments in Japan. US stocks jumped on Thursday with the Dow leading gains by over 1 percent following strong data releases. Third-quarter gross-domestic product (GDP) rose 3.5 percent, beating expectations, while a separate report showed that the underlying trend for first time weekly jobless claims is at its lowest level since 2000. Brent crude was marginally lower as traders saw little chance of OPEC cutting output at its November meeting. From precious metals space, gold traded around USD 1200 an ounce its lowest level in nearly 4 weeks. Asian stocks rose on the final trading day of the week following positive US data overnight, with focus on developments in Japan.

No comments:

Post a Comment