Tuesday 10 July 2018

Market Live: Sensex extends gains, trades above 36,000; Nifty hits 10,900; midcaps trade strong

Market Live: Sensex extends gains, trades above 36,000; Nifty hits 10,900; midcaps trade strong.


Sensex trades over 200 points higher, hitting 36,000 in the opening tick, while the Nifty is now trading above 10,900.
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Market Update: The market has extended its gains, with the Sensex gaining over 200 points, while the Nifty is trading well above 10,-00-mark.

The market breadth is positive as 1223 shares advanced, against a decline of 468 shares, while 80 shares were unchanged.

Reliance Industries, Yes Bank, HCL Technologies and UPL are the top gainers, while Sun Pharma, Kotak Mahindra Bank, and HPCL have lost the most.

 
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Market Opens: Equity benchmarks have begun the day on a strong note, with the Sensex conquering 36,000-mark in the opening tick, while the Nifty is just short of 10,900.

At 09:16 hrs IST, the Sensex is up 112.11 points at 36046.83, while the Nifty is up 30.80 points at 10883.70. The market breadth is positive as 480 shares advanced, against a decline of 148 shares, while 46 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains visible among PSU banks. IT, pharmaceuticals and energy indices on the Nifty have followed suit. The Nifty Midcap index is also up around half a percent.

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ONGC, State Bank of India, and HCL Tech are the top gainers, while TCS, Asian Paints and Bharti Infratel have lost the most.

Rupee opens: The Indian rupee opened flat at 68.72 per dollar on Tuesday versus 68.72 yesterday.

The dollar-rupee July contract on the NSE was at 68.86 in the previous session. July contract open interest increased 2.40 percent in the previous day, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added



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