Friday 22 May 2015

Nifty Holds Above 8450, SBI Surges 3%, Wipro & Hero Weak

Posted by suhani varma on Friday, May 22, 2015 with No comments

The market is still up as the Sensex is up 222.43 points or 0.8 percent at 28031.78 and the Nifty is up 57.50 points or 0.7 percent at 8478.50. About 1283 shares have advanced, 1163 shares declined, and 162 shares are unchanged. SBI is up 3 percent while Sun Pharma, HDFC, TCS and ONGC are top gainers in the Sensex. 

Among the losers are Bajaj Auto, Wipro, Vedanta, Hindalco and Hero Motocorp. The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of deflation and stagnation. The total market capitalisation of the TSE's first section rose to 591.30 trillion yen (USD 4.9 trillion), surpassing the previous peak of 590.09 trillion yen hit in December 1989, when share prices hit record peaks at the height of the Japanese asset bubble.

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