Friday, 20 November 2015

Nifty Ends Above 7850, Sensex Flat; GAIL Up 10%, ITC Down

Posted by suhani varma on Friday, November 20, 2015 with No comments

Equity benchmarks as well as broader markets continued to see buying interest in afternoon trade, led by technology, oil & gas, banking & financials and select auto stocks. The 30-share BSE Sensex rose 183.96 points or 0.71 percent to 26025.88 and the 50-share NSE Nifty climbed 54.35 points or 0.69 percent to 7897.10. The BSE Midcap and Smallcap indices gained 1 percent each. The market breadth was positive as about 1565 shares advanced against 952 advancing shares on the BSE. Shares of TCS, Reliance Industries, ICICI Bank, Mahindra & Mahindra, Maruti Suzuki, Bajaj Auto, Wipro, Vedanta, Tata Steel and BHEL gained 1-3 percent. GAIL continued to be top gainer on Sensex, up nearly 10 percent on reports of likely modification in long term gas contract with RasGas, the Qatar-based company. Petronet LNG was up over 6 percent. ITC and Sun Pharma underperformed benchmarks, down 1-1.7 percent followed by HDFC, Tata Motors, Axis Bank and Bharti Airtel with marginal loss.

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