Friday 6 October 2017

Stock Market Trading Recommendations - Sensex gains over 170 pts, Nifty above 9950; metal stocks rally

Benchmark indices extended their gains from the morning session, with the Nifty clocking 9950-mark during the day’s trade.
The Sensex was up 173.50 points at 31765.53, while the Nifty was up 63.60 points at 9952.30. The market breadth was positive as 1,448 shares advanced against a decline of 437 shares, while 58 shares were unchanged.

NTPC, Tata Steel and GAIL were the top gainers on both indices, while Tata Motors, Tata Motors DVR, Hero MotoCorp lost the most.
Frontline indices began the session on a positive note, with the Nifty reclaiming 9900 in the opening tick.
The Sensex was up 51.66 points at 31643.69, while the Nifty was up 22.75 points at 9911.45. The market breadth was positive as 454 shares advanced against a decline of 132 shares, while 22 shares were unchanged.
Midcaps continued their outperformance from the previous sessions, while metals led the charts among sectoral indices.
ONGC, Tata Steel and GAIL were the top gainers, while Tata Motors, Tata Motors DVR and Zee Entertainment lost the most.
Asian stocks rose on Friday after optimism over US tax reform plans lifted Wall Street shares to new highs, while the dollar hovered near a seven-week peak following additional indications of solid economic growth.
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