Market Update Equity benchmarks continued to trade higher, while the Nifty reclaimed 10,500.
The Sensex was up 85.88 points or 0.25% at 35045.60, while the Nifty was up 32.50 points or 0.31% at 10521.00. About 1468 shares have advanced, 763 shares declined, and 118 shares are unchanged.
Yes Bank and Sun Pharma were the top gainers, while HDFC, HDFC Bank and HPCL lost the most.
MARKET OUTLOOK
"The markets are forward looking & had discounted the anti incumbency wave in the Hindi heartland. The results of MP & Rajasthan being so close are +ve for the BJP. In the end we are 4 months away from the general elections where the call is Modi magic will work. On the other hand the RBI Governor resignation also saw a knee-jerk reaction being bought into solely for the reason that the new Governor would be more communicative, responsive & will have serious interaction to improve the monitory outlook which was grappling for tight liquidity after the shadow bank problems of IL&FS. With crude in a falling market money on the sidelines would use opportunities like today to enter Indian stocks with a slightly longer term view as buy," Sanjiv Bhasin, executive vice president, markets and corporate affairs, at IIFL told Moneycontrol.
Source:https://www.moneycontrol.com/news/business/markets/stock-share-market-live-bse-nse-nifty-clocks-10500-sensex-up-nearly-100-pts-yes-bank-sun-pharma-gain-3274701.htmlIf you need more information about the Stock Market:
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