Thursday 29 October 2015

Sensex, Nifty rises marginally; NTPC up 5%, ITC falls 2% -- 30 Oct 2015

NTPC, Dr Reddy's Labs, Bharti Airtel, ICICI Bank and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, ITC, ONGC, Tata Motors and Infosys.


                   
The market is treading up slightly as the Sensex is gains 55.86 points at 26894. The Nifty up 23.15 points or 0.3 percent at 8134.90. About 1219 shares have advanced, 895 shares declined, and 126 shares are unchanged. NTPC, Dr Reddy's Labs, Bharti Airtel, ICICI Bank and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, ITC, ONGC, Tata Motors and Infosys. Analysts said the fall in crude oil futures is mostly in step with a sluggish trend in Asian trade as a midweek rally dissipated with no relief in sight to a global crude oversupply. Prices surge driven by bargain-hunting and a below-forecast rise in US commercial crude inventories, but concerns over the supply glut soon resurfaced as output levels remain elevated.

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