Thursday 18 June 2015

Sensex over 200 points; pharma, capital goods stocks gain

The BSE Mid-cap Index is trading up 0.45% at 10,391, whereas BSE Small-cap Index is trading up 0.57% at 10,858. 

Following more than 450-points surge, the market has started the day on a firm note for the fifth straight day.

Overnight, the Federal Reserve in its meeting indicated that it could raise interest rates at some point in 2015.

The BSE Sensex opened higher by 85-odd points at 26,917 and the NSE Nifty added 22 points at 8,113.

The key benchmark indices touched a high at 26,959 and 8,119, respectively.

At 9:29 AM, the S&P BSE Sensex is trading at 27,045 up 213 points, while NSE Nifty is trading at 8,141 up 49 points.

The BSE Mid-cap Index is trading up 0.45% at 10,391, whereas BSE Small-cap Index is trading up 0.57% at 10,858.

Dr. Reddy's, ICICI Bank, Axis Bank, Cipla, Wipro, Sun Pharma and L&T are among the gainers, whereas Bharti Airtel, Tata Steel, Tata Power and GAIL are losing sheen on BSE.

Though the market seemed to be sailing smooth on Wednesday, the last two minutes of trade in Nifty options suggests some choppiness at start. Total OI added was ~2.38mn shares with an approximate value of Rs. 1,927crore.

The global cues are mostly healthy. Asian stocks are up. US indices just about managed a positive close despite some swings.

All sectoral indices are trading in green, the CNX Bank Nifty and Finance indices have advanced 0.4 percent each at 17,655 and 7,190, respectively.

The CNX Pharma, IT and Energy indices are the other gainers.

In the Nifty space - Asian Paints has jumped nearly 2 percent at Rs. 723. Cipla, Sun Pharma, ICICI Bank, BPCL and Axis Bank have spurted a percent each.

On the losing side, Bharti Airtel has slipped 1.4 percent at Rs 416. Tata Steel has shed almost a percent at Rs. 302.

Yes Bank, Zee Entertainment, Tech Mahindra, Cairn India and Bosch have shed over 0.5 percent each.

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