Monday 19 October 2015

Sensex, Nifty maintain momentum; Bharti up, ONGC falls 2% -- 19 Oct 2015

Reliance Industries was top contributor to Sensex' gains, up 4.8 percent post strong earnings in Q2. Bharti Airtel soared nearly 4 percent in afternoon trade. Infosys, Sun Pharma, HUL, Dr Reddy's Labs, Cipla and Hero Motocorp gained 1-1.8 percent.
                             
The market continued to see buying interest in afternoon trade with the Sensex rising 122.26 points to 27336.86 and the Nifty up 27 points to 8265.15. The broader markets too traded in-line with benchmarks; the BSE Midcap gained 0.4 percent and Smallcap rose 0.6 percent. The market breadth remained in favour of advances. About 1484 shares advanced against 1089 declining shares on the Bombay Stock Exchange. Reliance Industries was top contributor to Sensex' gains, up 4.8 percent post strong earnings in Q2. Bharti Airtel soared nearly 4 percent in afternoon trade. Infosys, Sun Pharma, HUL, Dr Reddy's Labs, Cipla and Hero Motocorp gained 1-1.8 percent. However, ONGC, Tata Steel, ICICI Bank, L&T and Tata Motors topped selling list on Sensex, down 1-2 percent.




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