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Tuesday, 21 October 2014

Sensex, Nifty gain ahead of Diwali; SBI, ITC laggards

It's the fourth consecutive session in the green for the market as the Nifty is around 8000 ahead of Diwali.The Sensex is up 178.01 points at 26753.66 and the Nifty is up 54.90 points at 7982.65. About 1478 shares have advanced, 643 shares declined, and 90 shares are unchanged.

Hero, Tata Motors, Bajaj Auto, BHEL and Cipla are top gainers while ONGC, Coal India, Tata Power, SBI and ITC are laggards.

In result reactions Cairn is higher despite Q2 numbers missing estimates. Barclays says it was an in line quarter retaining their overweight stance but prefers ONGC, BPCL and Reliance.

Globally Asia gains on reports of bond purchases by the European central bank. Nikkei also reacts to September trade deficit data that indicated exports hit a 7-month high. The rupee maintains its rising trend for the fourth straight day. More information please visit this site

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