Post Session: Sensex ends 120 pts higher on late buying; auto, CGS stocks support
29/08/2016 16:17
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The BSE SENSEX closed at 27902.66, up by 120.41 points or by 0.43 per cent, and the NSE Nifty ended at 8607.45, up by 34.9 points or by 0.41 per cent.
In the volatile trade, the BSE Sensex touched intraday high of 27952.85 and intraday low of 27698.71, while the NSE Nifty touched intraday high of 8622 and intraday low of 8543.75.
While Yellen stopped short of unveiling the specific timing of a Fed rate hike, Fed Vice Chairman Stanley Fisher indicated the possibility of September tightening. An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 524.70,+4.18%), Reliance Industries Ltd. (Rs. 1057.00,+2.85%), Hero MotoCorp Ltd. (Rs. 3410.00,+2.81%), ICICI Bank Ltd. (Rs. 250.40,+2.10%), Larsen & Toubro Ltd. (Rs. 1456.20,+1.99%), among others.
Meanwhile, Wipro Ltd. (Rs. 478.55,-2.33%), Lupin Ltd. (Rs. 1479.80,-2.15%), HDFC Bank Ltd. (Rs. 1238.35,-1.55%), Tata Consultancy Services Ltd. (Rs. 2501.60,-1.09%), Asian Paints Ltd. (Rs. 1111.20,-1.06%), were among top losers on BSE.
On the sectoral front, auto and capital goods stocks emerged as top gainers on BSE, rising as much as 1.44 per cent and 1.17 per cent respectively.
The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3025, shares advanced were 1279 while 1521 shares declined and 225 were unchanged.
On the global front, the Asian shares ended mostly flat, barring Japan’s Nikkei 225, as risings odds of a US rate hike next month weighed on most of the stocks. Shanghai Composite and Hang Seng fell while Japan’s Nikkei 225 jumped over 2 per cent after Bank of Japan governor Haruhiko Kuroda reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus “without hesitation.”
29/08/2016 16:17
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
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Reversing early morning losses, the Indian equities ended tad higher on Monday on account of late hour deals in auto and capital goods, metal and oil & gas stocks, undermining weak cues from Asian peers. The caution prevailed in market amid increased expectations of a rate hike in the US next month, but surge in buying in selected blue chip companies, such as Tata Motors, ICICI Bank, Reliance, L&T and Hero MotoCorp capped losses.The BSE SENSEX closed at 27902.66, up by 120.41 points or by 0.43 per cent, and the NSE Nifty ended at 8607.45, up by 34.9 points or by 0.41 per cent.
In the volatile trade, the BSE Sensex touched intraday high of 27952.85 and intraday low of 27698.71, while the NSE Nifty touched intraday high of 8622 and intraday low of 8543.75.
While Yellen stopped short of unveiling the specific timing of a Fed rate hike, Fed Vice Chairman Stanley Fisher indicated the possibility of September tightening. An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 524.70,+4.18%), Reliance Industries Ltd. (Rs. 1057.00,+2.85%), Hero MotoCorp Ltd. (Rs. 3410.00,+2.81%), ICICI Bank Ltd. (Rs. 250.40,+2.10%), Larsen & Toubro Ltd. (Rs. 1456.20,+1.99%), among others.
Meanwhile, Wipro Ltd. (Rs. 478.55,-2.33%), Lupin Ltd. (Rs. 1479.80,-2.15%), HDFC Bank Ltd. (Rs. 1238.35,-1.55%), Tata Consultancy Services Ltd. (Rs. 2501.60,-1.09%), Asian Paints Ltd. (Rs. 1111.20,-1.06%), were among top losers on BSE.
On the sectoral front, auto and capital goods stocks emerged as top gainers on BSE, rising as much as 1.44 per cent and 1.17 per cent respectively.
The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3025, shares advanced were 1279 while 1521 shares declined and 225 were unchanged.
On the global front, the Asian shares ended mostly flat, barring Japan’s Nikkei 225, as risings odds of a US rate hike next month weighed on most of the stocks. Shanghai Composite and Hang Seng fell while Japan’s Nikkei 225 jumped over 2 per cent after Bank of Japan governor Haruhiko Kuroda reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus “without hesitation.”
