Sensex, Nifty extend gain; ICICI Bank, Tata Motors lead --- 26 Nov 2015

ICICI Bank and Tata Motors gained more than 1.5 percent while Dr Reddy's Labs remained top loser on the Sensex, down 6 percent after USFDA release details of the warning letter issued to company.


                                         

The market gained more strength in morning trade with the Sensex rising 142.92 points to 25918.66 and the Nifty climbing 42.05 points to 7873.65 on hopes of passing Goods & Service Tax (GST) Bill in Winter Session of Parliament that started today. The broader markets also traded in line with benchmarks; the BSE Midcap gained 0.4 percent and Smallcap rose 0.6 percent. The market breadth positive as about 1292 shares advanced against 509 declining shares on the BSE. Sun Pharma topped buying list on the Sensex, up 3.5 percent after subsidiary Taro Pharma dropped plan to invest in wind energy business. Barclays upgraded stock to overweight from equalweight, given the favorable risk-reward following the 40 percent share price decline from its peak in April 2015. ICICI Bank and Tata Motors gained more than 1.5 percent while Dr Reddy's Labs remained top loser on the Sensex, down 6 percent after USFDA release details of the warning letter issued to company.

For More Detail Visit -- http://www.allianceresearch.in/
Or Call on -- 9993716323,0761-4032175