Equity benchmarks started of December series on a strong note with the Sensex and Nifty hitting an all-time highs led by banking and financials. The Sensex climbed 277.05 points or 0.97 percent to 28715.96, and the Nifty rose 83.60 points or 0.98 percent to 8577.80. About 971 shares have advanced, 258 shares declined, and 27 shares are unchanged on the Bomaby Stock Exchange. ICICI Bank, SBI, M&M, Axis Bank, Tata Motors, BPCL, Asian Paints and Jindal Steel topped the buying list, up 2-4 percent while Gail and Infosys are marginally in red. Cairn India fell 3.56 percent and DLF declined 1.59 percent. Indian rupee has opened lower by 6 paise at 61.93 a dollar on Friday, compared to previous day's closing value of 61.87 per dollar. Pramit Brahmbhatt, Veracity says investors are likely to trade cautiously today as markets are already trading near all-time high levels & investors are short of confidence & are unsure of market upside. According to him, the rupee is expected to trade rangebound to slightly weak, taking cues from a strong Dollar. "Range for the day is seen between 61.40-62.20/dollar," he adds.
Friday 28 November 2014
Record high opening: Sensex jumps 300 pts, Nifty eyes 8600
Equity benchmarks started of December series on a strong note with the Sensex and Nifty hitting an all-time highs led by banking and financials. The Sensex climbed 277.05 points or 0.97 percent to 28715.96, and the Nifty rose 83.60 points or 0.98 percent to 8577.80. About 971 shares have advanced, 258 shares declined, and 27 shares are unchanged on the Bomaby Stock Exchange. ICICI Bank, SBI, M&M, Axis Bank, Tata Motors, BPCL, Asian Paints and Jindal Steel topped the buying list, up 2-4 percent while Gail and Infosys are marginally in red. Cairn India fell 3.56 percent and DLF declined 1.59 percent. Indian rupee has opened lower by 6 paise at 61.93 a dollar on Friday, compared to previous day's closing value of 61.87 per dollar. Pramit Brahmbhatt, Veracity says investors are likely to trade cautiously today as markets are already trading near all-time high levels & investors are short of confidence & are unsure of market upside. According to him, the rupee is expected to trade rangebound to slightly weak, taking cues from a strong Dollar. "Range for the day is seen between 61.40-62.20/dollar," he adds.
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