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Thursday, 5 May 2016

Today's Signal on Indian Stock Market Trading

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The market has opened with some gains on Thursday. The Sensex is up 83.47 points or 0.3 percent at 25185.20, and the Nifty up 22.90 points or 0.3 percent at 7729.45. About 304 shares have advanced, 138 shares declined, and 20 shares are unchanged. Sun Pharma, Adani Ports, Hero MotoCorp, Tata Motors and Lupin are gainers while ITC, Tata Steel and Dr Reddy's Labs are losers in the Sensex.


Healthcare stocks led gains, with drugmaker Sun Pharma rising nearly 3 per cent to top the Nifty50 benchmark. Lupin, Cipla and Dr Reddy's shares also saw buying interest.Tata Motors rebounded today, while mortgage major HDFC extended its winning streak to a fifth straight day.Adani Ports continued to face selling pressure and was the top Nifty loser. Adani Ports, which tanked 12 per cent yesterday, traded 3 per cent lower.Cement stocks such as Ultratech and ACC also came under selling pressure.

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