Market Opening News:-
The market extended upside in early trade Friday with the
Sensex hitting 26000-mark, up 63.04 points at 26021.67. The Nifty also
reclaimed 7900-mark on first day of December series, up 26.80 points to
7910.60. Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of
Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and
Bajaj Auto were under pressure.
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Indian Market Overview:-
- Nifty The market rebounded after a fall in previous two consecutive sessions, closing the November F&O expiry above 7850 level on hopes of passage of Goods & Services Tax (GST) Bill in Winter Session of Parliament. Nifty future up by 49 points to end at 7881.
- The 30-share BSE Sensex up by 182 points and closed at 25958 due to Positive global cues and short covering on expiry day also pushed market higher.
- Sun Pharma gained 4 percent after the company and its subsidiary dropped their plan to invest in wind energy business.
- Idea Cellular was up 4.7 percent after the telecom operator entered into an agreement with Videocon for acquiring right to use spectrum in Gujarat & UP (West) circles. Videocon Industries gained 4 percent.
