Thursday 26 May 2016

Sensex, Nifty roar with gains; Pharma, Oil & Gas index zoom 2-3%

oil
Benchmark indices are roaring with gains in June Futures and Options series. The Sensex is up 196.12 points or 0.7 percent at 26562.80 and the Nifty is up 63.80 points or 0.8 percent at 8133.45. About 1355 shares have advanced, 702 shares declined, and 137 shares are unchanged.

Sun Pharma, Adani Ports, Lupin, ICICI Bank and SBI are top gainers while ITC, NTPC, L&T, ONGC and Tata Motors are losers in the Sensex. Oil prices dipped, pulling back further from the psychological USD 50 level as traders took profit and expectations of tighter global supply receded.

Oil prices had topped USD 50 a barrel for the first time this year yesterday following production disruptions in Canada and Nigeria as well as a drop in US crude inventories.

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