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Friday, March 4, 2016

Sensex holds 24500 amid consolidation; Vedanta shines again

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The market continued to be rangebound with the Sensex rising 27.45 points to 24634.44 and the Nifty climbing 5.30 points to 7480.90.
The market breadth remained positive as about 1463 shares advanced against 868 declining shares on the BSE.
Vedanta extended its rally, up 7 percent in addition to 7 percent upside in previous session. Tata Motors too rallied further, up nearly 3 percent on top of 6 percent upside in previous day.
Shares of ICICI Bank, ONGC, Dr Reddy’s Labs, Cipla, SBI, BHEL, Hindalco, Coal India and Tata Steel gained 1-4 percent while Sun Pharma, Maruti Suzuki and Wipro fell over 1 percent.
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