Friday, 14 August 2015

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The market has opened higher on the back of firm global cues. The Sensex was up 120 points at 27669.53, and the Nifty was up 35.30 points at 8391.15. About 762 shares have advanced, 351 shares declined, and 64 shares are unchanged. Sun Pharma, Cipla, Lupin, Bharti Airtel, Bank of Baroda, Idea Cellular and Infosys are top gainers, while Tata Steel, Gail India, Axis Bank and Hindalco are the top losers on the indices.

DLF gained over 2 per cent while Unitech fell over 3 per cent. Shree Renuka was down 2 per cent while MMTC plunged about 7 per cent. Rajesh Exports gained over 5 per cent. Glenmark added over 5 per cent while JSPL plunged over 8 per cent in trade. SAIL fell over 3 per cent and ICRA fell over 2 per cent. NBCC surged about 5 per cent.

India's L&T Finance Ltd plans to raise funds selling bonds maturing in three years, three merchant bankerstold Newsrise on Thursday. The non-banking finance company will pay an annual coupon of 8.80 percent to investors of the issue.

There is not much to cheer about macro numbers and given washout of monsoon session the markets may move lower and in the near term Nifty can move down to 8,000 and that will be a good opportunity to buy.

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