Sensex up 100 points, Nifty above 7,800 as GST developments eyed -- 7 Dec 2015

The BSE Sensex and NSE Nifty opened in green on Monday tracking firm global cues. Sensex opened 107.92 points up at 25,746.03 while Nifty50 index opened 34.65 points up at 7,816.55.

                              S&P BSE Sensex rose over 100 points, while broader CNX Nifty held its key pschological level of 7,800. 

The domestic markets opened higher in trade on Monday, tracking positive trend seen in Asian markets after upbeat US jobs report on Friday suggested US Federal Reserve may go for interest rate hikes in nearly a decade in its December policy meet.The

The 30-share index was trading at 25,752.63, up 114.52 points, while the broad-based 50-share index was quoting 7,818.40, up 36.50 points.

Market breadth remained fairly positive with 26 of the 30 Sensex components trading in green.

"As long as the Nifty holds the 7700 mark, the bulls have little to worry about. Our analysis suggests a range of 7970 to 7700 for the Nifty in the near term.

The 30-share index was trading at 25,737, up 101 points or 0.40 per cent. It touched a high of 25,785.53 and a low of 25,723.42 in morning trade.

The Nifty50 was at 7,819, up 37 points or 0.48 per cent. It touched a high of 7,825.40 and a low of 7,812.00 in the first 30 minutes of trade.

The S&P BSE Midcap Index was down 0.51 per cent and BSE S&P Smallcap Index was trading 0.76 per cent lower.
NTPC (down 1.4 per cent), ITC (down 1.2 per cent), ONGC (down 0.57 per cent), and M&M (down 0.42 per cent) were among the major Sensex losers. 

Tata Steel (up 2.3 per cent), Hindalco (up 1.5 per cent), Sun Pharma (up 1.3 per cent), and Hero MotoCorp (up 1.1 per cent) were among the major Sensex gainers. 

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