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Sensex recovers sharply…Nifty shuts above 7850

Discussion in 'Stock Market News & Analysis' started by chetanepic, May 16, 2016.

  1. chetanepic

    chetanepic New Member

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    Equity benchmarks rebounded in last hour of trade despite mixed global cues, aided by FMCG, technology and HDFC group stocks. However, selling in oil, infra and select banks stocks limited upside. The Nifty broke 7800 level intraday.

    The 30-share BSE Sensex climbed 163.66 points or 0.64 percent to 25653.23 and the 50-share NSE Nifty jumped 45.85 points or 0.59 percent to 7860.75, outperforming benchmarks. The BSE Midcap index was up 0.3 percent.

    A total of 54 stocks registered a fresh 52-week high in trades today, whereas 26 stocks touched a new 52-week low on the NSE.

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