Tuesday, 1 March 2016

Sensex Surges Over 700 Points; Nifty Above 7200 Mark

Posted by suhani varma on Tuesday, March 01, 2016 with No comments

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The S&P BSE Sensex is trading at 23,696 up 694 points, while NSE Nifty is trading at 7,199 up 212 points. The BSE Mid-cap Index is trading up 2.40% at 9,805, whereas BSE Small-cap Index is trading up 2.62% at 9,798.

ITC, ICICI Bank, Hero MotoCorp, Maruti Suzuki and Adani Ports are among the gainers, whereas ONGC, HUL, HDFC and Dr.Reddy's are losing sheen on BSE. Some buying activity is seen in FMCG, IT, auto, banking, capital goods and consumer durables sectors on BSE.

The INDIA VIX is down 8.29% at 18.4850. Out of 1,788 stocks traded on the NSE, 226 declined, 1,291 advanced and 271 remained unchanged today. A total of eight stocks registered a fresh 52-week high in trades today, while 48 stocks touched a new 52-week low on the NSE.

ITC jumped 8% to Rs.319 on BSE. FM Arun Jailtey announcement to hike excise duty on most tobacco products by 10-15%. According to media reports, the brokerage upgraded the stock to 'buy' as the hike in excise duty was less than expected.

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