Wednesday 29 July 2015

Sensex zooms over 200 pts; HUL & HDFC up, IT stocks fall -- 30 july 2015

Cipla, HUL, HDFC, Hero Motocorp and NTPC are top gainers while Sun Pharma, TCS and Coal India are among losers in the Sensex.

                             
The market is making strong gains with support from infra, banks, oil & gas and auto stocks. The Sensex is up 237.21 points or 0.9 percent at 27800.64, and the Nifty is up 66.85 points or 0.8 percent at 8441.90. About 1653 shares have advanced, 698 shares declined, and 115 shares are unchanged.  Cipla, HUL, HDFC, Hero Motocorp and NTPC are top gainers while Sun Pharma, TCS and Coal India are among losers in the Sensex. Oil prices extended a rebound in Asia following data showing a decline in US inventories, analysts said. Dealers are also keeping tabs on the Federal Reserve's plans for raising interest rates after it held fire yesterday at its latest policy meeting but indicated the US economy is improving. The dollar edged up after the meeting as expectations grow that the central bank will announce a liftoff as early as September. The market will closely monitor the Fed's move as the rate hike will impact

commodity prices heavily,

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