Tuesday, 17 January 2017

Sensex & Midcap Extend Gains, Nifty Above 8450 | BHEL Surges 3%

Benchmark indices as well as broader markets extended gains in morning with the Nifty reclaiming 8450 level, supported by banking & financials, FMCG, auto, oil and infra stocks. The market digested speech by the UK Prime Minister Theresa May on Brexit plans.
The 30-share BSE Sensex was up 165.80 points at 27401.46 and the 50-share NSE Nifty gained 56.20 points at 8454.20. The BSE Midcap and Smallcap indices, too, rose 0.6 percent each on strong breadth.
About 1374 shares advanced against 523 declining shares on the BSE.
BHEL, HUL and Tata Steel were biggest gainers among Sensex stocks, up 2-3 percent followed by HDFC Bank, HDFC, L&T, SBI and ONGC with around a percent upside. Bharti Airtel and Dr Reddy’s Labs fell 0.6 percent each.
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