Monday 20 July 2015

Nifty nears 8650; Infosys gains 8%, Sun Pharma falls 14% -- 21 July 2015

Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings.

         
The market has opened in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares declined, and 85 shares are unchanged. Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel.
The Indian rupee has opened lower at 63.70 per dollar against previous day's closing value of 63.66 a dollar. Ashutosh Raina of HDFC Bank said, "The somewhat stable situation in Greece and chances of a Fed rate hike sent dollar soaring with Gold hitting a 5-year low." The dollar reached its highest in three months against a basket of currencies on a rise in US bond yields as traders built bets the Federal Reserve would raise interest rates later this year.

For More Detail Visit Our  Site -- http://www.allianceresearch.in/

No comments:

Post a Comment