Friday 30 October 2015

Sensex, Nifty rise marginally; NTPC up 5%, ITC falls 2% -- 30 Oct 2015

NTPC, Dr Reddy's Labs, Bharti Airtel, ICICI Bank and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, ITC, ONGC, Tata Motors and Infosys.



                             
The market is treading up slightly as the Sensex is gains 55.86 points at 26894. The Nifty up 23.15 points or 0.3 percent at 8134.90. About 1219 shares have advanced, 895 shares declined, and 126 shares are unchanged. NTPC, Dr Reddy's Labs, Bharti Airtel, ICICI Bank and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, ITC, ONGC, Tata Motors and Infosys. Analysts said the fall in crude oil futures is mostly in step with a sluggish trend in Asian trade as a midweek rally dissipated with no relief in sight to a global crude oversupply. Prices surge driven by bargain-hunting and a below-forecast rise in US commercial crude inventories, but concerns over the supply glut soon resurfaced as output levels remain elevated.
Sensex was up 0.22 per cent at 26,896. Nifty was up 0.32 per cent at 8137.60. Meanwhile, unveiling the much-awaited draft civil aviation policy, the government on Friday proposed tax incentives for airlines, maintenance and repair works of aircrafts besides mooting 2 per cent levy on all air tickets to fund regional connectivity scheme.



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