Friday, 27 January 2017

Nifty reclaims 8650, Sensex surges over 150 pts; banks rally

The market is surging ahead in what looks like a pre-Budget rally. The Sensex is up 189.04 points or 0.7 percent at 27897.18 and the Nifty is up 51.70 points or 0.6 percent at 8654.45. About 1225 shares have advanced, 492 shares declined, and 162 shares are unchanged. BHEL, Axis Bank, ICICI Bank, ONGC and GAIL are top gainers while Wipro, Tata Steel, Lupin, Infosys and ITC are losers in the Sensex. 9:30 am FII view: Ridham Desai of Morgan Stanley thinks a mix of macro stability and the relative price of money and growth drives India's performance relative to emerging markets.

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