Tuesday 3 November 2015

Sensex, Nifty trim gains; Tata Motors zooms, Eros up again -- 4 Nov 2015

The broader markets also traded in line with benchmarks; the BSE Midcap was up 0.6 percent and Smallcap gained 0.5 percent. Two shares advanced for every share declining on BSE.

                                 
The market trimmed some early gains, weighed by TCS, ICICI Bank and Axis Bank. The 30-share BSE Sensex rose 119.23 points to 26709.82 and the 50-share NSE Nifty advanced 26 points to 8086.70. The broader markets also traded in line with benchmarks; the BSE Midcap was up 0.6 percent and Smallcap gained 0.5 percent. Two shares advanced for every share declining on BSE. Tata Motors surged more than 5 percent on strong JLR US sales data. October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 Units in year-ago period. Its Land Rover US sales were up 97.6 percent at 7,199 units in October from 3,643 Units year-on-year. However, Jaguar's sales was down 1.9 percent at 988 units from 1,007 units (Y-o-Y). Eros International gained 6 percent again today. Rajesh Exports, HSIL, Jain Irrigation and Ratnamani Metal were other top midcap gainers, up 3-5 percent.

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