Sensex, Nifty continue to rally; GAIL hits 52-week high
Avalokita Pandey / 27 Jan 2017
On Friday, markets opened on an extremely bullish note for a fresh series taking cues from Asian markets and earning season. The budget expectations are also getting reflected in the stock prices.
On Friday, markets opened on an extremely bullish note for a fresh series taking cues from Asian markets and earning season. The budget expectations are also getting reflected in the stock prices.
Gas Authority of India Limited (GAIL) is the top Sensex gainer, trading more than 2.5 per cent higher from its previous closed session.
Hindustan Unilever Limited (HUL) and Reliance Industries are trading above their 200-direct market access (DMA) indicating bullish trend for the underlying securities. Ambuja Cement, Bharat Heavy Electricals Limited (BHEL), Hero Motors, are all trading above their 100-DMA.
Neyville Lignite, Rural Electrification Corporation Limited (REC), Indian Oil Corporation (IOC), Power Finance Corporation (PFC), GAIL, Power Grid and Hindalco, all have touched their 52-week high.
BSE Sensex trades more than 240 points to 27,952 and Nifty also increased by 61 points to 8,664.