The Indian share market climbed for a fifth straight session as gains in energy producers countered losses in automakers and tech companies. The domestic market pared their opening gained as investors booked profit after Nifty’s longest winning streak in nearly six months.
The BSE Sensex is trading at 26,643 down 9 points, while NSE Nifty is trading at 8,224 down 10 points. A total of 17 stocks registered a fresh 52-week high in deal today, while seven stocks touched a new 52-week low on the NSE. Currently 1033 shares have advanced, 1181 shares have declined and 115 shares are unchanged on the BSE. The Indian Rupee opened marginally higher by 0.06 paise at 68.32 per Dollar against the previous close of 68.37 per Dollar.
Maximum sectors are moving in sell direction. The BSE Small-cap sector hiked 0.76 points at 12330. The BSE Mid-cap sector declined 49 points to 12448 and Bank Nifty lost 118 points at 18509. In Commodity market, Gold trading down 120 points at 28,265 and Silver dropped 59 points to 40,030.
Asian markets opened in the green with the Japan's index 'Nikkei" leading from the front as US/Yen hit 114.5 the highest in the last 10 months. This saw Japanese exporters lead gains along with commodity stocks from other Asian market. Hong Kong's index Hang Seng gained 112 point at 22901 and China's index Shanghai Composite jumped up 17 points at 3267.
Recommendation By Expert
Sell Reliance Communications Ltd at below: 36 Targets: 34.53 - 33.07 - 31.65 - 30.26
Stop loss : 37.51
Buy Wipro Limited at above: 473.06 Targets: 478.27 - 483.75 - 489.27 - 494.81
Stop loss : 467.64
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