Stock Market

Nifty still above 7800, Sensex strong; Hindalco, Dr Reddy’s fall


Chillicious Team

Bulls are here to stay on Dalal Street as auto, banks, capital goods and FMCG stocks boost market. The Sensex is up 328.24 points or 1.3 percent at 25556.74 and the Nifty is up 93.65 points or 1.2 percent at 7827.10. About 1580 shares have advanced, 894 shares declined, and 147 shares are unchanged.

Bajaj Auto, ICICI Bank, HDFC, L&T and ITC are gainers while Hindalco, Dr Reddy’s Labs, Tata Steel, Sun Pharma and BHEL are losers in the Sensex.

Amid a weakening global trend and profit-booking by speculators, gold futures traded lower by over 1 percent at Rs 30,036 per 10 gram today.

Globally, gold prices fell 0.12 percent to USD 1,282 an ounce in Singapore. Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas and weakness in the precious metal at the domestic spot markets.