Nifty eyes 7950, Sensex firm; ITC & Dr Reddy's fall 1% -- 27 Nov 2015

Tata Steel, ICICI Bank, M&M, Axis Bank and Cipla are top gainers while Dr Reddy's Labs, ITC, GAIL, Maruti and Lupin are major losers.

                                       

The market continues to see good buying in December series as the Nifty eyes 7950. The 50-share index is up 42.35 points or 0.5 percent at 7926.15. The Sensex is up 127.51 points or 0.5 percent at 26086.14.About 1198 shares have advanced, 596 shares declined, and 139 shares are unchanged. Tata Steel, ICICI Bank, M&M, Axis Bank and Cipla are top gainers while Dr Reddy's Labs, ITC, GAIL, Maruti and Lupin are major losers. Crude oil futures fell on Friday with losses this month standing at over 8 percent, hurt by disappointing Chinese economic data and worries over a supply glut. A firmer US dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies. Although trading was quiet after Thanksgiving Day in the United States. Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the country's statistics bureau showed on Friday, declining for the fifth consecutive month.


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