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Wednesday, 22 October 2014

Nifty still below 8000; gold near 6-wk high on Diwali glow

It's a day of steady gains on Dalal Street, in-line with strong global cues. The Nifty hovers near the 7980 mark led higher by strong gains in auto and pharma stocks.

The 50-share is up 51.10 points at 7978.85 and the Sensex is up 156.42 points at 26732.07. About 1532 shares have advanced, 981 shares declined, and 89 shares are unchanged.

 Hero, Bajaj Auto, Tata Motors,, Maruti Suzuki and L&T are top gainers in the Sensex. Among the losers are ONGC, Hindalco, NTPC, Coal India and ICICI Bank.

Gold was trading near its highest level since early September, supported by concerns over slower economic growth in China, although expectations Asian physical demand may slacken kept gains in check. Worries over the fate of the global economy heightened this week after China said third-quarter growth was the slowest since 2009, lifting appetite for safe-haven assets such as gold. More information please visit this site

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