Friday, 13 January 2017

Nifty Below 8400, Sensex Down, SpiceJet Gains 4%

The Market continues to drag as the Sensex is down 29.78 points or 0.1 percent at 27217.38, and the Nifty down 18.20 points or 0.2 percent at 8389. About 1153 shares have advanced, 1356 shares declined, and 326 shares are unchanged.  
Axis Bank, HDFC, GAIL, Sun Pharma and ONGC are top gainers while TCS, Infosys, Tata Motors, NTPC and Maruti are losers in the Sensex.
Shares of SpiceJet rose over 4 percent after the company announced a deal worth Rs 1,50,000 crore with Boeing to purchase up to 205 new aircraft. With the earlier order for 55 planes and additional 100 new 737-8 MAX aircraft, the no-frills carrier now has firmed up order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft. 
Tracking a weak trend overseas, gold prices traded lower by 0.23 percent to Rs 28,328 per 10 grams in futures trade today as participants cut down their bets. 
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