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Epic Update ICICI Bank
Equity benchmarks as well as broader markets continued to consolidate after a 2.5 percent rally in previous two sessions.
The 30-share BSE Sensex rose 50.02 points to 27858.16 and the 50-share NSE Nifty was up 5.45 points at 8526.50. The market breadth remained positive as about 1034 shares advanced against 911 declining shares on the Bombay Stock Exchange.
Factory data in May was ahead of expectations, at 1.2 percent against negative 0.8 percent in April while CPI inflation in June remained flat at 5.77 percent compared with 5.76 percent in preceeding month.
The current volatility in market indicated that it seems to have digested better-than-expected industrial output data. GST Bill and Q1FY17 earnings will be key triggers in near term.
ICICI Bank and Vedanta were the most active shares on exchanges. The former one gained 0.88 percent, in addition to 4.7 percent rally in previous session while later one surged another 6 percent after sources yesterday told CNBC-TV18 that LIC may have cleared merger of Cairn and the company.
For more information and best STOCK TIPS Call us ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLHEquity benchmarks as well as broader markets continued to consolidate after a 2.5 percent rally in previous two sessions.
The 30-share BSE Sensex rose 50.02 points to 27858.16 and the 50-share NSE Nifty was up 5.45 points at 8526.50. The market breadth remained positive as about 1034 shares advanced against 911 declining shares on the Bombay Stock Exchange.
Factory data in May was ahead of expectations, at 1.2 percent against negative 0.8 percent in April while CPI inflation in June remained flat at 5.77 percent compared with 5.76 percent in preceeding month.
The current volatility in market indicated that it seems to have digested better-than-expected industrial output data. GST Bill and Q1FY17 earnings will be key triggers in near term.
ICICI Bank and Vedanta were the most active shares on exchanges. The former one gained 0.88 percent, in addition to 4.7 percent rally in previous session while later one surged another 6 percent after sources yesterday told CNBC-TV18 that LIC may have cleared merger of Cairn and the company.
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