Markets extend gains; Bajaj Auto, Maruti Suzuki top gainers
30/08/2016 11:20
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The key domestic benchmark indices were trading higher in the late morning trading session tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite.
Traders also took some encouragement with the Reserve Bank of India stating that the near-term growth outlook for India seemed brighter than last fiscal and the economy was likely to expand at 7.6 percent in 2016-17.
At 11:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28101 up by 198.34 points or by 0.71 per cent, while the NSE Nifty was at 8672.7 points, trading higher by 65.25 points or by 0.76 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month
30/08/2016 11:20
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 were trading higher in the late morning trading session tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite.
Traders also took some encouragement with the Reserve Bank of India stating that the near-term growth outlook for India seemed brighter than last fiscal and the economy was likely to expand at 7.6 percent in 2016-17.
At 11:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28101 up by 198.34 points or by 0.71 per cent, while the NSE Nifty was at 8672.7 points, trading higher by 65.25 points or by 0.76 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month
