Thursday 20 October 2016

Nifty hits 8700, Sensex surges over 150 pts; Reliance up 1%

The Sensex is up 128.24 points or 0.5 percent at 28112.61, and the Nifty is up 37.70 points or 0.4 percent at 8696.80. 

About 972 shares have advanced, 188 shares declined, and 51 shares are unchanged. 

ICICI, ONGC, GAIL, HDFC and Reliance are top gainers. 

Reliance Industries will announce its Q2 results today. According to CNBC-TV18 poll, gross refining margin (GRMs) is expected at USD 9.5 per barrel. 


Yes Bank, Biocon, Syngene International, LIC Housing Finance, Intellect Design Arena, Praj Industries and DB Corp are expected to declare Q2 results today. 

The Indian rupee has opened lower at 66.68 a dollar compared with previous day's closing of 66.67 per dollar.

Asian stocks advanced, propelled by strong US earnings and oil prices near a 15-month high, as the third and final US presidential debate before the November 8 election got underway. 


MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 percent. Japan's Nikkei extended gains to 0.9 percent. China's CSI 300 increased 0.2 percent, and Hong Kong's Hang Seng index climbed 0.6 percent. 

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