Tuesday, 17 November 2015

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The S&P BSE Sensex surged over 100 points in morning trade on Tuesday following positive trend seen in other Asian markets. The rally in the index was led by gains in ICICI bank, ITC, HDFC, L&T, and SBI.The Nifty50 managed to reclaim its crucial psychological level of 7,850 in trade supported by gains in FMCG, banks, metals, power, and realty stocks.


India's merchandise exports shrank 17.53 percent in October from a year ago to $21.35 billion, government data showed on Monday, on weak global demand.ICICI Bank, India's biggest private sector lender by assets, will sell a 6 percent stake in its life insurance joint venture in two separate deals worth a combined $296 million to billionaireAzim Premji and Singapore state investor Temasek.

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