The market is maintaining its early gains supported majorly by oil & gas stocks. The Sensex is up 175.25 points or 0.6 percent at 27499.25, and the Nifty is up 55.40 points or 0.7 percent at 8317.75. About 1265 shares have advanced, 469 shares declined, and 113 shares are unchanged.
Hindalco, ONGC, GAIL, Dr Reddy's Labs and Bharti Airtel are top gainers in the Sensex. Hero MotoCorp and Coal India are losers. Asian Paints rises 3 percent ahead of announcing March quarter results today.
Asian shares are struggling after soft data raised more questions about the health of the US economy. US industrial production unexpectedly fell for a fifth straight month in April while consumer confidence dropped to a seven-month low in early May, data showed on Friday, pushing down the dollar and US bond yields.
The weakness also cemented expectations that the Federal Reserve will probably not raise interest rates anytime soon, with US interest rate futures pricing a rate hike near the end of 2015. The 10-year US Treasuries yield fell almost 10 basis points to 2.140 percent on Friday, compared to six-month high of 2.366 percent set on Tuesday.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com/
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
0 comments:
Post a Comment