Tuesday, 8 November 2016

Equity Live News: Sensex, Nifty Rally In Early Trade



Sensex, Nifty rally in early trade:
BSE Sensex is trading at 27,539 up 80 points, while NSE Nifty is trading at 8,519 up 22 points. Asian markets opened in the green for a second day as overnight Dow Jones scaled 370 points for a monster short covering rally. This as fresh buying from oversold levels saw a bounce in indices as most felt the selling was overdone. With most hedges till tomorrow expect knee jerk reaction either way as globally maximum options outstanding indicate 2 sided movements to get exaggerated after results.       

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Rupee opens at 66.72 :
The Indian rupee closed lower by three paise at 66.73/$. The local unit hit a high of 66.87 and a low of 66.88 today.

Top 10 stocks in focus today:
ICICI Bank, Britannia Industries, IT stocks, Future Retail, Ceat, GlaxoSmithKline Consumer Healthcare, Varun Beverages, GIC Housing Finance, Wipro, Ashok Leyland.

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