Home / Market Beat / Nifty soars to 6560. Maruti zooms up by 7%.

Nifty soars to 6560. Maruti zooms up by 7%.

Indian markets have seem to be reluctant to come out of the Holi mood, with the markets zooming high, taking the benchmark indices to new highs.

Markets Bull

Markets Bull

Markets have been buoyant after a recent report that Goldman Sachs has upgraded the Indian market to ‘overweight’. The company has seen a target of 7600 on the NSE Nifty in the coming twelve months.

 

Nifty & Sensex move up

The BSE Sensex has moved up by 174 points at 21983. The NSE Nifty has moved up by 52 points at 6556.

Maruti is the top gainer on the index with spectacular 7% gains. The stock has soared up to 1858, moving up by 120 points in today’s trade itself.

Banking stocks are also buzzing in today’s trade. Indus Ind Bank has seen a surge of 2.5%. State Bank of India has steadily gained 2.2% to trade at 1691. PNB has further added upon 2% to trade at 639.

Ambuja Cements, BHEL, Coal India, Bank of Baroda and Jindal Steel – have all gained over 2%.

FMCG major ITC has moved up by 1.3% at 352.

Some of the IT majors have however been trading soft. Infy and TCS are trading lower with marginal cuts. Capital goods company LT is also down by 0.5%.

 

Currency Market Rupee update

The rupee has gained in today’s trade against the US dollar. It has seen a higher opening of 17 paise and is currently trading at 61.02 per US dollar. The currency had closed at 61.19 on Friday.


 

 

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