Wednesday, 16 July 2014

Latest Stock Market News – Sensex gains 321 pts, Nifty closes above 7600




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Today Stock Market News:
Stocks rose in Europe after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted.

The world's second largest economy expanded at a 7.5 percent annual pace in the second quarter, the statistics bureau said, just beating the 7.4 percent median forecast in a Reuters poll.
The market managed to hold hefty gains supported by financials. The Sensex was up 321.07 points or 1.27 percent at 25549.72 and the Nifty gained 97.75 points or 1.3 percent to end at 7624.40. About 1977 shares advanced, 970 shares declined, and 99 shares were unchanged.
ICICI Bank rallied 5 percent. Hindalco, Axis Bank, Sesa Sterlite and BHEL were other top gainers in the Sensex. Among losers were Bajaj Auto, GAIL, Cipla, Dr Reddy's and Wipro. 
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