Market Live: Sensex trades higher, Nifty reclaims 10,550; Midcap index also rebounds. Asian markets were subdued, shrugging off gains seen on Wall Street as recent US-China trade tensions cooled.
Asian markets were subdued, shrugging off gains seen on Wall Street as recent US-China trade tensions cooled.
Fuel Prices at Record High: Petrol & diesel prices in India are at record high levels as the government has consistently been raising fuel prices after Karnataka elections outcome.
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Petrol price increased by 30 paise to Rs 84.70 per litre and diesel by 27 paise to Rs 72.48 per litre in Mumbai.
Brent crude futures, the international benchmark for oil prices, traded above $79 a barrel.
Market Update: Benchmark indices gained strength after early consolidation, with the Sensex rising 121.28 points to 34,737.41.
The Nifty rose 39 points to 10,555.70, backed by HDFC twins and ICICI Bank.
The market breadth also improved as about 1,053 shares advanced against 785 declining shares on the BSE.
Crude Update: Oil prices rose amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC-member.
Brent crude futures were at $79.38 per barrel, up 0.20 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.
US West Texas Intermediate (WTI) crude futures were at $72.44 a barrel, up 0.28 percent from their previous settlement, reports CNBC.
Market Opening: Benchmark indices started off trade on a flat note, tracking mixed trend seen in Asian stocks.
The 30-share BSE Sensex was up 30.63 points at 34,646.76 and the 50-share NSE Nifty rose 15.30 points to 10,532.
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Market Update: Benchmark indices gained strength after early consolidation, with the Sensex rising 121.28 points to 34,737.41.
The Nifty rose 39 points to 10,555.70, backed by HDFC twins and ICICI Bank.
The market breadth also improved as about 1,053 shares advanced against 785 declining shares on the BSE.
Crude Update: Oil prices rose amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC-member.
Brent crude futures were at $79.38 per barrel, up 0.20 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.
US West Texas Intermediate (WTI) crude futures were at $72.44 a barrel, up 0.28 percent from their previous settlement, reports CNBC.
Market Opening: Benchmark indices started off trade on a flat note, tracking mixed trend seen in Asian stocks.
The 30-share BSE Sensex was up 30.63 points at 34,646.76 and the 50-share NSE Nifty rose 15.30 points to 10,532.
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Coal India, ONGC, NTPC and BPCL were early gainers while Bharti Airtel, Lupin, SBI, Bharti Infratel, Grasim, M&M and Hindalco Industries were under pressure.
Nifty Midcap index was down 9 points.
Just Dial, Motilal Oswal, Triveni Engineering, Intellect Design, ACE and Astrazeneca gained up to 5 percent.
Mahanagar Gas, Globus Spirits, Redington, DLF, Future Retail, Hatsun Agro, Jet Airways, Canara Bank, Bank of India, Bank of Baroda and IFCI were down up to 6 percent.
Nifty Midcap index was down 9 points.
Just Dial, Motilal Oswal, Triveni Engineering, Intellect Design, ACE and Astrazeneca gained up to 5 percent.
Mahanagar Gas, Globus Spirits, Redington, DLF, Future Retail, Hatsun Agro, Jet Airways, Canara Bank, Bank of India, Bank of Baroda and IFCI were down up to 6 percent.
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