Tuesday, 19 January 2016

Trading Comment on Equity Market

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The S&P BSE Sensex surged over 100 points in morning trade on Tuesday, led by gains in Infosys, ICICI Bank, RIL, Axis Bank, HDFC, and Tata MotorsBSE 1.96 %. The Nifty50 was trading close to its resistance level of 7,400, supported by gains in pharma, IT, realty, auto, and FMCG stocks.


Indian stocks posted their lowest close in 20 months on Monday, dragged down by index heavyweight Reliance Industries after crude oil fell to its lowest since 2003, while data showed the country's exports shrunk for a 13th straight month.

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