Reliance Industries rallied 4 percent after better than-expected earnings in the quarter ended September 2015. Infosys, Hindalco, Sun Pharma, SBI, Vedanta, Wipro and Lupin were other gainers in early trade.
The Sensex rose 79.13 points to 27293.73 and the Nifty advanced 15.20 points to 8253.35, led by Reliance Industries. Reliance Industries rallied 4 percent after better than-expected earnings in the quarter ended September 2015. Infosys, Hindalco, Sun Pharma, SBI, Vedanta, Wipro and Lupin were other gainers in early trade. However, Tata Motors, Dr Reddy's Labs, ITC, M&M, GAIL, HCL Tech and ONGC dropped. The Indian rupee opened with a marginal gains of 4 paise at 64.77 per dollaragainst Friday's closing value of 64.81 a dollar. Agam Gupta of Standard Chartered expects a range of 64.65-64.95/dollar for the day. "Upticks will attract selling interest from exporters as they hedge their future receivables. On the lower side it is most likely that we see dollar buying interest come in from local government banks on account of their regular demand," Gupta said. Dollar gained as traders reckoned the Federal Reserve might raise interest rates later this year and the European Central Bank may provide more stimulus to help the euro zone economy. Asian shares outside Japan recovered early losses , after China's third-quarter gross domestic product (GDP) beat market expectations. GDP for the world's second-biggest economy grew 6.9 percent percent on-year in the July-September quarter, compared with 7 percent in the previous three months, official data showed on Monday.
For More Detail Visit -- http://www.allianceresearch.in/
Or Call on - 9993716323, 0761-4032175
The Sensex rose 79.13 points to 27293.73 and the Nifty advanced 15.20 points to 8253.35, led by Reliance Industries. Reliance Industries rallied 4 percent after better than-expected earnings in the quarter ended September 2015. Infosys, Hindalco, Sun Pharma, SBI, Vedanta, Wipro and Lupin were other gainers in early trade. However, Tata Motors, Dr Reddy's Labs, ITC, M&M, GAIL, HCL Tech and ONGC dropped. The Indian rupee opened with a marginal gains of 4 paise at 64.77 per dollaragainst Friday's closing value of 64.81 a dollar. Agam Gupta of Standard Chartered expects a range of 64.65-64.95/dollar for the day. "Upticks will attract selling interest from exporters as they hedge their future receivables. On the lower side it is most likely that we see dollar buying interest come in from local government banks on account of their regular demand," Gupta said. Dollar gained as traders reckoned the Federal Reserve might raise interest rates later this year and the European Central Bank may provide more stimulus to help the euro zone economy. Asian shares outside Japan recovered early losses , after China's third-quarter gross domestic product (GDP) beat market expectations. GDP for the world's second-biggest economy grew 6.9 percent percent on-year in the July-September quarter, compared with 7 percent in the previous three months, official data showed on Monday.
For More Detail Visit -- http://www.allianceresearch.in/
Or Call on - 9993716323, 0761-4032175
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