Thursday 18 June 2015

Sensex up over 100 pts, Nifty above 8200; Hindalco rallies--19 june 2015

Hindalco Industries, Wipro, SBI, HDFC and Infosys were early gainers, up 1-2 percent. However, HUL fell nearly 1 percent.

The market gained further in early trade Friday. The Sensex rose 111.93 points to 27227.76 and the Nifty climbed 26.55 points to 8201.15. About 369 shares have advanced, 68 shares declined, and 57 shares are unchanged on the BSE. Hindalco Industries, Wipro, SBI, HDFC and Infosys were early gainers, up 1-2 percent. However, HUL fell nearly 1 percent. The Indian rupee opened with marginal gains of 5 paise at 63.68 per dollar today compared to previous day's closing value of 63.73 a dollar. Asian shares outside Shanghai surged from the get-go on the final trading day of the week, as the impressive lead from Wall Street helped to sooth market jitters concerning Greece's finances. Meanwhile, investors are also awaiting the Bank of Japan's (BOJ) policy decision. The BOJ will conclude its two-day policy meeting later on Friday.


Stock markets around the world rallied on Thursday, while the US dollar fell, a day after the Federal Reserve signalled that interest rates would rise more slowly than many had expected. US stocks hit session highs after the report, and the Nasdaq set a new intraday record, breaking one that had held since March 2000. The Dow Jones industrial average rose 209.93 points, or 1.17 percent, to 18,145.67, the S&P 500 gained 22.4 points, or 1.07 percent, to 2,122.84 and the Nasdaq Composite added 69.92 points, or 1.38 percent, to 5,134.80. The euro gained yesterday, rising to a one-month peak against the dollar on a German newspaper report that creditors would extend Greece's existing aid program until year's end, before fading after officials denied those reports.   The euro touched a session high of 1.14 against the dollar, its best since may 18, before easing back. 
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