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Infosys boosts Sensex 190 pts, Nifty above 7900

Discussion in 'Stock Market News & Analysis' started by chetanepic, Apr 18, 2016.

  1. chetanepic

    chetanepic New Member

    Jan 9, 2016
    Likes Received:
    Intraday Trader
    Infosys helped the BSE Sensex gain more than 200 points intraday Monday despite weakness in global peers due to slump in oil prices. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1 percent.

    The 30-share BSE Sensex rallied 189.61 points or 0.74 percent to 25816.36 and the 50-share NSE Nifty rose 64.25 points or 0.82 percent to 7914.70. The market breadth remained positive as about 1439 shares advanced against 1180 declining shares on Bombay Stock Exchange.

    Oil prices pared some of the over 5 percent losses seen in early trade. US crude futures were down 2.8 percent at USD 39.24 a barrel, after falling over 5.7 percent in early morning trade. Global benchmark Brent was down 2.18 percent at USD 42.16, retracing some of its more than 5 percent loss from earlier.

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