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Tuesday, December 29, 2015

Equity Tips

Equity benchmarks continued to consolidate ahead of expiry of December derivative contracts (due on Thursday). Infra and metals stocks gained while heavyweights Reliance Industries and ICICI Bank dragged.

The 30-share BSE Sensex rose 1.94 points to 26081.42 and the 50-share NSE Nifty was up 1.85 points at 7930.80. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising nearly half a percent.

The market breadth was positive as nearly two shares advanced for every share declining on the Bombay Stock Exchange.

ICICI Bank, Reliance Industries, Lupin, Sun Pharma, Hero Motocorp and Bajaj Auto fell 0.3-0.9 percent.

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