Tuesday, January 20, 2015

Nifty hovers around record high, Sensex soars over 200 pts

The market is rejoicing with some stellar gains as the Nifty hit all-time high 8629. The 50-share index is up 73.20 points or 0.9 percent at 8623.90 while the Sensex is up 254.75 points or 0.9 percent at 28516.76. About 1549 shares have advanced, 1195 shares declined, and 298 shares are unchanged.

HDFC, Sesa Sterlite, Tata Steel, Axis Bank and Hindalco are top gainers in the Sensex. GAIL, HUL, Maruti, Hero and BHEL are among the laggards.

The problem of a lack of confidence in the euro zone has been overcome, German Finance Minister Wolfgang Schaeuble said during a visit to India. "In financial issues we have overcome the lack of confidence we have suffered in the last couple of years," Schaeuble said in New Delhi, adding that stability had returned to financial markets.

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