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Monday, January 18, 2016

Equity Tips

Sensex extends rally, Nifty reclaims 7400 on short covering

The market extended rally in morning trade with the Sensex rising 182.71 points to 24371.08 and the Nifty climbing above 7400, up 49.30 points to 7400.30.

Reliance Industries gained more than 1 percent ahead of third quarter earnings. A CNBC-TV18 poll sees a 6 percent sequential growth in profit supported by refining business.

Tata Motors, Bharti Airtel and NTPC rallied 2 percent each while Mahindra & Mahindra, ONGC, Wipro, BHEL and Tata Steel fell more than 1 percent.

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