Ways2Capital Morning Update : Sensex Rises 100 Pts, Nifty Eyes 8450

Equity benchmarks gained further in morning with the Nifty inching towards 8450, supported by banking & financials, infra and auto stocks.
The 30-share BSE Sensex was up 103.08 points at 27220.42 and the 50-share NSE Nifty gained 34.55 points at 8426.05. The broader markets also traded in line with benchmarks on positive breadth. About two shares gained for every share falling on the BSE.
HDFC, Tata Motors and L&T were top three contributors to Sensex’s gains, up over a percent whereas Infosys, HUL (after disappointing volume growth) and Bharti Airtel (ahead of earnings) fell 1-1.5 percent.
US oil climbed as the dollar weakened, but an increase in drilling activity in the United States is likely to keep a lid on prices. US West Texas Intermediate crude futures were up 0.45 percent at USD 52.99 a barrel.
Gold prices hit their highest in two months today, pushed up as the dollar weakened due to suspicions President Donald Trump’s administration might seek a competitive advantage through a weaker currency.
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