Monday 23 November 2015

Nifty above 7850, Sensex steady; Oil & Gas up 1% --- 24 Nov 2015

ONGC, HDFC, HUL, Reliance and Tata Motors are top gainers while Maruti, L&T, Infosys, GAIL and Sun Pharma are among losers in the Sensex.
 
                                       
The market is still rangebound while infra stocks are down and oil & gas are up. The Sensex is up 45.47 points or 0.2 percent at 25864.81 and the Nifty is up 10.85 points or 0.1 percent at 7860.10. About 1419 shares have advanced, 995 shares declined, and 187 shares are unchanged. ONGC, HDFC, HUL, Reliance and Tata Motors are top gainers while Maruti, L&T, Infosys, GAIL and Sun Pharma are among losers in the Sensex. Nymex crude may hit USD 35 per bbl in the near future, says David Lennox of Fat Prophets.  On the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for December 4, he says there will be no significant cuts in production going forward.

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