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Friday, 19 December 2014

Sensex gains over 300 pts; Coal India up 3%, HUL drags

The market is still holding up gains as the Sensex is up 333.26 points or 1 percent at 27459.83 and the Nifty is up 93.25 points or 1 percent at 8252.55. About 1621 shares have advanced, 981 shares declined, and 101 shares are unchanged.

Coal India, Reliance and Sesa Sterlite are up 3 percent. Wipro and ICICI Bank are top gainers in the Sensex. Among the losers are Bhati Airtel, HUL, ITC, Cipla and Sun Pharma.

Coal ministry released approach paper, seeking comments from public on rules for auctioning of coal mines. The government has also constituted a panel, which will meets on December 19, to discuss the draft rules. The Supreme Court scrapped all coal blocks allocated since 1993 after ruling the selective allocation process was arbitrary and illegal.

Gold prices rose by Rs 34, or 0.13 percent, to Rs 26,849 per 10 grams in futures trade today after participants created fresh positions taking cues from overseas markets. Analysts said fresh positions built-up by speculators inline overnight gains in overseas markets, where gold rebounds from two-week low on signs of rising physical demand, mainly led to a rise in gold futures. More information please visit this site

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