Stock Market News

Nifty hits 7850, Sensex surges over 400 pts; HUL rises 2%

The Nifty touched 7850 briefly while the Sensex continued to ride on firm global cues. The 50-share index is up 112.45 points or 1.4 percent at 7845.90 while the Sensex is up 388.31 points or 1.5 percent at 25616.81.
HDFC twins and ITC are top Nifty contributors. Bajaj Auto, ICICI Bank, HDFC, L&T and Axis Bank are top gainers in the Sensex. Among losers are Dr Reddy’s Labs, Tata Steel and BHEL.
HUL is up 2 percent ahead of its January-March quarter. No firework is expected from HUL’s Q4 quarter result but volume is likely to grow riding on price deflation. Margins are expected to remain stable on benign input cost environment and cost control.

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Epic Research
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