Friday, 9 December 2016

Sensex, Nifty continue to consolidate; ITC, Infosys, SBI lead

The market is on consolidation mode as the Sensex is up 53.04 points or 0.2 percent at 26747.32. The Nifty is up 7.65 points at 8254.50. About 1326 shares have advanced, 807 shares declined, and 127 shares are unchanged. ITC, ONGC, Infosys, SBI and Tata Motors are top gainers while Bajaj Auto, HDFC twins, Coal India and Hero MotoCorp. 

Ending its three-day winning run, the rupee today retreated from nearly a one-month high by falling 22 paise to 67.58 against the US dollar in early trade at the forex market on fresh demand for the American unit. Moreover, weakness in other currencies including euro against the dollar after European Central Bank's decision to extend asset purchases until the end of next year, weighed on the rupee.

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