The S&P BSE Sensex has opened with a gap-up of over 100
points led by gains in capital goods, banks and power sectors. According to
analysts, the market was oversold in the near term after five-day decline and a
pull-back is not ruled out.
The 30-share index was at 25,110.92, up 103.94 points or
0.42 per cent. It touched intraday high of 25,111.84 and a low of 25,100.14 in
trade today.
India's broader NSE index gains 0.85 percent, heading
towards snapping a five-day selling streak as rate-sensitive stocks surge after
June consumer inflation slowed to a low of 7.31 percent ahead of the central
bank's policy review on Aug. 5.
ICICI Bank shares gain 1.7 percent, while Tata Motors is up
1.6 percent.
Gains also track higher Asian shares after Citigroup's earnings
and a fresh round of merger and acquisition activity in the U.S. healthcare
industry lifted global share prices.
Get latest updates, news and free stock tips from our team of analysts who does the rigorous work throughout on the basis of the risk-return trade off and comes up with the best trading tips for the customers. For details visit : www.capitalheight.com
No comments:
Post a Comment