Sensex recovers 300 pts, Nifty up 100 pts from day’s low

The market is still in red but the market is steadily making small gains as the Sensex is down 47.18 points or 0.2 percent at 25725.35. The Nifty is down 6 points or at 7881.80. Nifty recovers 100 points while the Sensex is up 300 points from day’s low. About 947 shares have advanced, 1024 shares declined, and 113 shares are unchanged.

Hindalco, Axis Bank, NTPC, Maruti and Tata Steel are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Adani Ports, ONGC, Coal India and SBI are losers in the Sensex.

Market sentiment is dampened as India has made amendments to the Double Taxation Avoidance to get rights to tax capital gains on shares of Indian company sold after April 1, 2017, triggering fresh spell of selling by participants.

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Posted in: Indian Market Tips