Thursday, 8 December 2016

Sensex zooms over 400 pts, Nifty eyes 8250; ITC, Maruti up 2-3%

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The market is surging again as the Sensex is up 445.05 points or 1.7 percent at 26681.92 and the Nifty is up 141.55 points or 1.7 percent at 8243.60. About 1799 shares have advanced, 697 shares declined, and 162 shares are unchanged. Tata Steel, Adani Ports, Tata Motors, ITC and Maruti are gainers while NTPC is down. Markets in Europe opened higher as investors await an announcement from President Mario Draghi of the ECB (European Central Bank) on further monetary stimulus. 

The Stoxx 600 was up by 0.26 percent with most sectors trading in the green. Basic Resources were the best performing sector in early morning trade. Investor expectations point to an extension of the ECB's quantitative easing program by another six months but along with some signals that this monetary policy would not last forever.

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