Market Update

Thursday 28 February 2019

Share Market Tips: Nifty above 10,800, Sensex up 100 pts; IOC, Sun Pharma top gainers

Share Market Tips: Nifty above 10,800, Sensex up 100 pts; IOC, Sun Pharma top gainers

Benchmark indices are erased some of its morning gains with Nifty holding above 10,800 level.
At 10:04 hrs IST, the Sensex is up 85.09 points at 35990.52, while Nifty is up 17.50 points at 10824.20. About 1035 shares have advanced, 538 shares declined, and 80 shares are unchanged. Shares of Wipro slipped 1 percent in the early trade on Thursday after the company sells its Workday and Cornerstone OnDemand Business to Alight. Oil prices dipped on Thursday, dragged down by China's weakening economy and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. It is a strong start for the indices on Thursday with Nifty trading around 10,850 level.
At 09:18 hrs IST, the Sensex is up 139.66 points at 36045.09, while Nifty is up 40.90 points at 10847.60. About 525 shares have advanced, 138 shares declined, and 33 shares are unchanged. 
Tata Metaliks, Future Retail, Yes Bank, Tata Motors, Coal India, Adani Ports, Quick Heal, Motherson Sumi, Balrampur Chini, Maruti Suzuki are among major gainers on the indices, while losers are ONGC, Wipro, Indiabulls Housing, Jet Airways, Odisha Cement, TCS, and HCL Tech.
All the sectoral indices are trading in green led by PSU bank, auto, energy, and FMCG. Benchmark indices are trading higher in the pre-opening session.
At 09:05 hrs IST, the Sensex is up 123.29 points or 0.34% at 36028.72, and the Nifty up 14.30 points or 0.13% at 10821.00.
Jet Airways fell 10 percent in the pre-opening session, while IGL, Tata Comm, DCB Bank, IndusInd Bank, Grasim, Page Industries and Zee Ent are some of the gainers. Benchmark indices are trading higher in the pre-opening session.
At 09:05 hrs IST, the Sensex is up 123.29 points or 0.34% at 36028.72, and the Nifty up 14.30 points or 0.13% at 10821.00.
Jet Airways fell 10 percent in the pre-opening session, while IGL, Tata Comm, DCB Bank, IndusInd Bank, Grasim, Page Industries and Zee Ent are some of the gainers.source- www.moneycontrol.com

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