Sensex, Nifty rise 0.7%; auto, bank, FMCG stocks sup

The market continues to rise with support from auto, bank, FMCG amd pharma stocks. 

The Sensex is up 199.81 points or 0.7 percent at 26940.20, and the Nifty is up 56.30 points or 0.7 percent at 8260.30. 

Tata Motors, BHEL, Axis Bank, ICICI Bank and NTPC are top gainers while HDFC and M&M are losers in the Sensex. 

Oil prices fell as supply outlook improved with both commodities hovering close to the key USD 50 mark, worrying traders about producers coming back online. 

Crude dipped after two days of strong gains which saw the commodity soar past the benchmark that makes financial sense for producers to restart production. Prices had been falling following the global financial market turmoil that followed last week's British vote to bolt out of the European Union.


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The market continues to rise with support from auto, bank, FMCG amd pharma stocks. The Sensex is up 199.81 points or 0.7 percent at 26940.20, and the Nifty is up 56.30 points or 0.7 percent at 8260.30. About 1529 shares have advanced, 616 shares declined, and 156 shares are unchanged. Tata Motors, BHEL, Axis Bank, ICICI Bank and NTPC are top gainers while HDFC and M&M are losers in the Sensex. Oil prices fell as supply outlook improved with both commodities hovering close to the key USD 50 mark, worrying traders about producers coming back online. Crude dipped after two days of strong gains which saw the commodity soar past the benchmark that makes financial sense for producers to restart production. Prices had been falling following the global financial market turmoil that followed last week's British vote to bolt out of the European Union.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-rise-07-auto-bank-fmcg-stocks-support_6955981.html?utm_source=ref_article

The market continues to rise with support from auto, bank, FMCG amd pharma stocks. The Sensex is up 199.81 points or 0.7 percent at 26940.20, and the Nifty is up 56.30 points or 0.7 percent at 8260.30. About 1529 shares have advanced, 616 shares declined, and 156 shares are unchanged. Tata Motors, BHEL, Axis Bank, ICICI Bank and NTPC are top gainers while HDFC and M&M are losers in the Sensex. Oil prices fell as supply outlook improved with both commodities hovering close to the key USD 50 mark, worrying traders about producers coming back online. Crude dipped after two days of strong gains which saw the commodity soar past the benchmark that makes financial sense for producers to restart production. Prices had been falling following the global financial market turmoil that followed last week's British vote to bolt out of the European Union.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-rise-07-auto-bank-fmcg-stocks-support_6955981.html?utm_source=ref_article