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Tuesday, 4 November 2014

Sensex, Nifty continue to gain; banks surge, metals fall

The market manages to maintain its uptrend. The Nifty is at 8355.70, up 31 points while the Sensex is 27967. 77, up 104 points.

Bank stocks are up while metals are down. SBI, Sun Pharma, Axis Bank, Bajaj Auto and ICICI Bank are top gainers in the Sensex. Among the losers are Sesa Sterlite, Coal India, M&M, Hindalco and Bharti Airtel.

Brent crude dropped further below USD 83 a barrel, stretching losses into a fifth session, as weak economic data from top energy consumer China stoked worries about demand in a market that is already battling a deepening global supply glut.

Services sector growth in China weakened in October as new business cooled, a private survey showed, coming just days after previous data revealed sluggish factory growth in the world's second largest economy. More information Please visit this site

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