Bull run continues; Sensex soars 280 points
30/08/2016 13:11
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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At 13:10 hours, the 30-share benchmark index was trading at was at 28183.02 up by 280.36 points or by 1 per cent, while the NSE Nifty was at 8696.2 up by 88.75 points or by 1.03 per cent.
Sentiments got further stimulation from Reserve Bank of India’s latest report indicating that the near-term growth outlook for India seems brighter than last fiscal and the economy is likely to expand at 7.6 percent in 2016-17. It has said that a better than anticipated agricultural performance and the possibility of allowances under the 7th Pay Commission's award being paid out in the fourth quarter of 2016-17 provide upsides to this projection.
Among the sectors, all the thirteen indices were trading in green with auto and IT stocks leading the gain, adding as much as 1.46 per cent and 1.41 per cent respectively.
On the global front, Asian peers were trading on a mixed note, while European counters were trading in green.
30/08/2016 13:11
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
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The key domestic benchmark indices continued to gain momentum during the noon trading session supported by global markets along with strong buying among heavyweight shares.At 13:10 hours, the 30-share benchmark index was trading at was at 28183.02 up by 280.36 points or by 1 per cent, while the NSE Nifty was at 8696.2 up by 88.75 points or by 1.03 per cent.
Sentiments got further stimulation from Reserve Bank of India’s latest report indicating that the near-term growth outlook for India seems brighter than last fiscal and the economy is likely to expand at 7.6 percent in 2016-17. It has said that a better than anticipated agricultural performance and the possibility of allowances under the 7th Pay Commission's award being paid out in the fourth quarter of 2016-17 provide upsides to this projection.
Among the sectors, all the thirteen indices were trading in green with auto and IT stocks leading the gain, adding as much as 1.46 per cent and 1.41 per cent respectively.
On the global front, Asian peers were trading on a mixed note, while European counters were trading in green.
