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Wednesday, May 10, 2017

Equity Tips

Benchmark indices posted a huge surge after the opening bell, with the Sensex and Nifty clocking fresh all-time highs. The better than normal prediction of monsoon could have boosted sentiment on the Street.

The Nifty surpassed its all-time high mark of 9,377.1 at 9:55 am, followed by the Sensex, which breached its all-time high mark of 30,181.

The Sensex is now up 238.94 points at 30172.19, while the Nifty is up 65.75 points at 9382.60. The market breadth was healthy as 1,390 shares advanced against a decline of 597 shares, while 90 shares were unchanged.

Hindustan Unilever, M&M and Aurbindo Pharma were the top gainers, while TCS, Wipro and UltraTech Cement lost the most.

Nifty is now at a new all-time record high. The index clocked 9,378-mark, a gain over over half a percent.

Benchmark indices opened on a positive note, with indices achieving key milestones in the opening trade. The Sensex clocked 30,000 before coming lower. The Bank Nifty and midcap index were up around half a percent.

The Sensex was up 62.04 points at 29995.29, while the Nifty up 25.65 points at 9342.50. The market breadth was very healthy as 399 shares advanced against a decline of 97 shares, while 35 shares were unchanged.

ONGC, Cipla, Aurobindo Pharma and Grasim were top gainers on both the indices, while Bharti Airtel, Hero MotoCorp, and Bharti Infratel lost the most.

GMDC was up around 11 percent after its results, while Blue Star was also higher around 1 percent due to better earnings performance.

The currency markets are shut today on account of Buddh Purnima.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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