Friday 28 August 2015

Nifty below 8000, Sensex off day's high; Sun Pharma falls -- 28 Aug 2015

HDFC, Sun Pharma, Coal India, Lupin and Cipla are major laggards while ONGC, Vedanta, Bajaj Auto, Infosys and Bharti Airtel are top gainers in the Sensex.


                       
The Sensex is up 118.13 points or 0.4 percent at 26349.32 and the Nifty is up 40.70 points or 0.5 percent at 7989.65. About 1412 shares have advanced, 1151 shares declined, and 104 shares are unchanged.HDFC, Sun Pharma, Coal India, Lupin and Cipla are major laggards while ONGC, Vedanta, Bajaj Auto, Infosys and Bharti Airtel are top gainers in the Sensex.The market is holding gains comfortably. The Sensex is up 271.92 points or 1 percent at 26503.11 and the Nifty is up 85.10 points or 1 percent at 8034.05. About 1613 shares have advanced, 913 shares declined, and 102 shares are unchanged. Vedanta, ONGC, NTPC, Bajaj Auto and GAIL are top gainers in the Sensex. Among the losers are Sun Pharma, Coal India, Lupin, TCS and HUL. Meanwhile, the US economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate for the April-June period. The GDP report, which was released in the wake of a global stock market sell-off, should assure investors and cautious Fed officials that the United States is in good shape to weather the growing strains in the world economy.

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