Today Stock Market Updates By Money CapitalHeight

Markets remain positive, Nifty holds 7,150 :- Benchmark indices continue to trade higher amid choppiness tracking strong global cues along with buying among capital goods and oil shares leading the gains. the S&P BSE Sensex  was up 196 points at 23,578 and the Nifty50 was up  59 points at 7,166.In  the macro   -economic front,     Indian economy will grow at 7.5% in 2016 and 2017 as it is relatively less exposed to external headwinds, like China slowdown, and will benefit from lower commodity prices, Moody's Investors Service said today.The top gainer from the Sensex pack are Dr Reddy’s Labs, L&T, ONGC, Hero Moto and ICICI Bank, all surging between 3%-5%. Shares of oil exploration & production companies such as Cairn India, Oil & Natural Gas Corporation (ONGC) and Oil India – were trading higher by up to 6% on the bourses after a sharp surge in global crude oil prices.Among individual stocks, Cairn India surged 6% to Rs 134, followed by ONGC which gained 5% at Rs 209, and Oil India jumped 3.4% to Rs 327 on the BSE. At 10:45 AM, the S&P BSE Sensex was up 1.3% or 304 points at 23,687.

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