The market starts November series on a stellar note. The Nifty hit 8200 for the first time, up 32.15 points while the Sensex is up 92.73 points at 27439.06. The dollar held at four-week highs against a basket of majorcurrencies, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy. US stocks jumped on Thursday with the Dow leading gains by over 1 percent following strong data releases. Third-quarter gross-domestic product (GDP) rose 3.5 percent, beating expectations, while a separate report showed that the underlying trend for first time weekly jobless claims is at its lowest level since 2000. On BSE, Midcap and Small cap are trading higher by more than a percent each. On Sectoral front, Oil and Gas performed the best to gain 1.48% as we write this.
Further the market breadth stands 1554 shares are seen advancing against 604 declining shares.
Further the market breadth stands 1554 shares are seen advancing against 604 declining shares.
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