Sensex scales 17000; banks,oil&gas lead

MUMBAI: Markets continued with its upward march taking cues from peers in Asia and on hopes of revival in global and domestic economy. (

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“The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. If global cues remain indecisive the market might just turn choppy again being a curtailed week.

The market has already had a terrific run in anticipation of the imminent rebound. So, it remains to be seen how long the current momentum continues. The scope for further advance does appear to be limited and every rise will be interrupted with periodic falls,” said India Infoline report.

At 10:47 am, Bombay Stock Exchange’s Sensex was at intra-day high of 17026.31, up 173.40 points or 1.02 per cent. The index touched an intraday low of 16868.46.

National Stock Exchange’s Nifty was at 5048.15, up 41.30 points or 0.82 per cent. The broader index hit a high of 5049.15 and low of 5004.35. Link...