Market Update

Monday, 10 June 2019

Share Market Tips- Market gains 250 points, Nifty around 11,950; OMCs under pressure

Market gains 250 points, Nifty around 11,950; OMCs under pressure

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The benchmark indices erased some of its morning gains but trading higher with Nifty around 11,950 level.
The Sensex is up 281.35 points at 39897.25, while Nifty is up 80.20 points at 11950.90. About 1031 shares have advanced, 784 shares declined, and 106 shares are unchanged. Shares of Globus Spirits rose 4.6 percent in the early trade on Monday after upward revision of selling rates of country liquor in Rajasthan, Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy. It is a positive start for the benchmark indices on June 10 with Nifty above 11,900.
At 09:16 hrs IST, the Sensex is up 296.45 points at 39,912.35, while Nifty is up 86.10 points at 11,956.80. About 468 shares have advanced, 183 shares declined, and 46 shares are unchanged. 
Indiabulls Housing, Vedanta, Tata Steel, Zee Entertainment, Yes Bank, IndusInd Bank, SBI, DHFL, Edelweiss Financial, Manappuram Finance, India Cements are among major gainers on the indices in the early trade, while losers are J&K Bank, Reliance Power, Reliance Capital, Reliance infra and PC Jeweller.source- money control
All the sectoral indices are trading in the green led by PSU bank, infra, IT, FMCG, auto, metal, and pharma.
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