Tuesday, 27 December 2016

Sensex Surges Over 400 Points

Stock market in India continued to witness strong buying momentum in the afternoon session on the back of value buying in blue chip companies. ITC share price and Tata Steel share price finished up by 4% and 3.2% respectively. Sentiments also remained positive amid firm European markets.

At the closing bell, the BSE Sensex stood higher by 406 points, while the NSE Nifty finished up by 125 points. The S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.7% and 1.5% respectively. Gains were largely seen in FMCG sector, and metal stocks. (Here is the list of BSE Gainers today.)

Bharti Airtel share price finished the trading day up by 1.2% on the BSE after it was reported that the company has given network modernization and expansion contract worth over US$120 million to Swedish gear maker Ericsson for Delhi.

The rupee was trading at 68.00 against the US$ in the afternoon session. At the time of writing this share market news, Oil prices were trading at US$ 53.21.

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