Monday 20 June 2016

Nifty hovers around 8200, Sensex firm as Brexit fears ease

Epic Update Tech MahindraEpic Update Tech Mahindra

Equity benchmarks gained strength after shrugging off the RBI Governor Raghuram Rajan’s exit and pricing in hopes of Britain staying in European Union.

The Sensex rose 109.88 points to 26735.79 and the Nifty gained 29.35 points at 8199.55. The market breadth also improved a bit as about 1168 shares advanced against 1043 declining shares on BSE.

Tech Mahindra, HCL Technologies, TCS, UltraTech Cement, Infosys, TCS, Hero Motocorp, L&T and Tata Motors gained 1.5-2 percent.

Asia markets were mostly higher, amid easing Brexit concerns after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK’s future within the European Union (EU).
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