After
an initial gush, the market has cooled off a bit. The Sensex is up 106.72
points or 0.4 percent at 25950.90, and the Nifty is up 20.95 points or 0.2
percent at 7935.70.
ICICI
Bank, SBI, Axis Bank, Tata Motors and ONGC are top gainers while Wipro, BHEL,
ITC, Hero MotoCorp and Bharti Airtel are losers in the Sensex.
Oil
prices today built on recent gains after data showed US production fell to
18-month lows and Iraq pushed for a fresh meeting of crude majors on limiting
output. Upbeat economic readings from China, the world's biggest energy user,
expectations the Federal Reserve will not hike interest rates before June, and
a series of easing measures by central banks have fuelled optimism in world
markets recently.
Prices
surged four percent to near five-month highs Wednesday after the US energy
department revealed the dip production last week to levels not seen since
October 2014.
After an initial gush,
the market has cooled off a bit. The Sensex is up 106.72 points or 0.4
percent at 25950.90, and the Nifty is up 20.95 points or 0.2 percent at
7935.70. About 1066 shares have advanced, 992 shares declined, and 114
shares are unchanged.
ICICI Bank, SBI, Axis Bank, Tata Motors and ONGC are top gainers while
Wipro, BHEL, ITC, Hero MotoCorp and Bharti Airtel are losers in the
Sensex.
Oil prices today built on recent gains after data showed US production
fell to 18-month lows and Iraq pushed for a fresh meeting of crude
majors on limiting output.
Upbeat economic readings from China, the world's biggest energy user,
expectations the Federal Reserve will not hike interest rates before
June, and a series of easing measures by central banks have fuelled
optimism in world markets recently. Prices surged four percent to near
five-month highs Wednesday after the US energy department revealed the
dip production last week to levels not seen since October 2014.
Read more at: http://www.moneycontrol.com/news/local-markets/market-cools-off-slightly-sensexover-100-pts-bhel-falls-2_6339941.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/local-markets/market-cools-off-slightly-sensexover-100-pts-bhel-falls-2_6339941.html?utm_source=ref_article
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