Latest Trends on Stock Market Trading

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Boosted by strong global cues, the market has opened strong after Federal Reserve has hiked interest rates after nine years. The Nifty is up 45.40 points or 0.6 percent at 7796.30 and the Sensex is up 150.63 points or 0.6 percent at 25645. The 50-share index touched 7800 in early trade. About 822 shares have advanced, 139 shares declined, and 31 shares are unchanged. GAIL, SBI, NTPC, Sun Pharma and Vedanta are top gainers while ONGC, M&M, Coal India, HDFC and HUL are major losers in the Sensex.

FIIs have withdrawn nearly $2.5 billion from domestic markets since November. Now that the actual announcement has come, things are likely to calm down.