Friday 11 September 2015

Sensex Rallies Over 150 Points; Banking, Auto Stocks Lead

Posted by suhani varma on Friday, September 11, 2015 with No comments

The S&P BSE Sensex is trading at 25,818 up 196 points, while NSE Nifty is trading at 7,850 up 62 points. The BSE Mid-cap Index is trading up 1% at 10,607, whereas BSE Small-cap Index is trading up 1.21% at 10,761. All sectors are green on BSE. SBI, Axis Bank, ONGC, Vedanta, M&M, HDFC, Infosys and Wipro are among the gainers, whereas BHEL, Sunrise Asian, PMC Fincorp and Kailash Auto and IFCI are losing sheen on BSE.

F&O strategies are at play as investors want to play it safe against any wild movement post the Fed decision. The Industrial production data expected after market hours will be watched. The progress of monsoon and currency movement will also weigh on the market. With the dollar shedding weight against many global currencies, some dollar sales by Indian banks could see the rupee firming up.

ONGC and RIL will see attention after the High Court disposed ONGC’s plea against govt, RIL on KG basin gas theft. Meanwhile, BPCL says it will invest Rs. 1 trillion in five years to expand capacities.

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