Friday, 30 October 2015

Sensex, Nifty Back In Green; Banking, Pharma Stocks Gain

Posted by suhani varma on Friday, October 30, 2015 with No comments

The S&P BSE Sensex is trading at 26,870 up 32 points, while NSE Nifty is trading at 8,118 up six points. The BSE Mid-cap Index is trading up 0.56% at 11,051, whereas BSE Small-cap Index is trading up 0.30% at 11,438. Some buying activity is seen in banking, pharma, oil & gas, realty, power and metal sectors, while auto, IT, consumer durables and fmcg sectors are showing weakness on BSE.

Dr.Reddy's, ICICI Bank, Cipla, SBI, RIL, Hindalco, Tata Steel and NTPC are among the gainers, whereas Vedanta, ONGC, ITC, Tata Motors, M&M and Maruti Suzuki are losing sheen on BSE. Indian Rupee today opened higher by 3 paise at 64.71/$ in early trade on Thursday. Yesterday, Indian rupee can scale lower in the short run, considering the prevalent volatility in the global currency markets. On the global front, Fed elaborated that it is still monitoring global economic developments, however excluded the phrase of global risks taking a toll on US economy. Meanwhile, Fed stated that underutilization of labor resources has diminished and it continues to see the outlook for economic activity and the labor market nearly balanced, which reinforced the perception of a possible rate hike this year.

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