Wednesday, January 11, 2017

Nifty eyes 8350, Sensex up 150 pts; HDFC twins, ICICI Bank lead

Epic Update ICICI Bank
Epic Update ICICI Bank

Benchmark indices maintained momentum with the Sensex rising 129.19 points to 27028.75 and the Nifty up 45.40 points at 8334.

About two shares advanced for every share falling on the BSE.

The 30-share BSE Sensex was up 149.24 points at 27048.80 and the 50-share NSE Nifty gained 53.90 points at 8342.50 while the broader markets moderately outperformed, rising more than 0.6 percent on positive breadth.

About three shares advanced for every share falling on the BSE.

Tata Steel topped the buying list, up 3.4 percent followed by HDFC Bank, ICICI Bank, HDFC and L&T. TCS was down 0.7 percent followed by Infosys, especially ahead of December quarter earnings later this week.

IndusInd Bank surged more than 5 percent as majority of brokerage houses retained buy call on the stock post December quarter earnings.
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