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Thursday, January 21, 2016

Equity Tips

Nifty extends rally, Sensex jumps 300 pts; banks, auto lead

Equity benchmarks extended short covering-led rally in morning trade with the Nifty eyeing 7400 aided by banks, auto, oil and infra stocks. The broader markets gained too, with the BSE Midcap and Smallcap indices rising over 1.3 percent.

The 30-share BSE Sensex rallied 323.30 points or 1.35 percent to 24285.51 and the 50-share NSE Nifty rose 100.60 points or 1.38 percent to 7377.40. The market breadth was strong as more than five shares advanced for every share declining on the Bombay Stock Exchange.

The Indian rupee recovered in the early trade post breaching 68 level in the yesterday's session.

It opened higher by 24 paise at 67.78 per dollar versus 68.02 Thursday.

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