Post Session: Sensex gains 69 pts to end above 28K; Nifty reclaims 8,650
24/08/2016 16:15
Click Here & Register To Get 2 days Trial Tips
The Indian equities ended tad higher in a volatile trade on Wednesday helped by strong buying across broader markets, but lack of economic event ahead of a widely anticipated speech by the Fed chief capped upmove. The volatility persisted in the market as investors awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.
The BSE SENSEX closed at 28059.94, up by 69.73 points or by 0.25 per cent, and the NSE Nifty was at 8650.3, up by 17.7 points or by 0.21 per cent.
Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy. Meanwhile, volatility was also high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.
In the volatile trade, the BSE Sensex touched intraday high of 28108.39 and intraday low of 27959.87, while the NSE Nifty touched intraday high of 8661.05 and intraday low of 8620.9.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 4949.10,+2.40%), Cipla Ltd. (Rs. 565.90,+1.97%), Infosys Ltd. (Rs. 1057.55,+1.76%), NTPC Ltd. (Rs. 161.25,+1.54%), Reliance Industries Ltd. (Rs. 1020.75,+1.07%), among others.
Meanwhile, Lupin Ltd. (Rs. 1521.10,-2.16%), Tata Steel Ltd. (Rs. 380.15,-1.38%), Tata Consultancy Services Ltd. (Rs. 2571.90,-1.20%), Tata Motors Ltd. (Rs. 498.00,-1.10%), Adani Ports & Special Economic Zone Ltd. (Rs. 270.30,-0.81%), were among top losers on BSE.
On the sectoral front, oil and gas and pharma stocks emerged as top gainers on BSE, rising as much as 1.49 per cent and 1.3 per cent respectively.
On the global front, the Asian shares ended mostly lower, except Japan’s Nikkei 225, amid caution ahead of Yellen’s speech on Friday which may offer more clues over when the Fed plans to raise interest rates next. Shanghai Composite ended tad lower even as China’s leading index rose at a faster clip in July. Hang Seng fell but Japan’s Nikkei 225 advanced.
24/08/2016 16:15
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The Indian equities ended tad higher in a volatile trade on Wednesday helped by strong buying across broader markets, but lack of economic event ahead of a widely anticipated speech by the Fed chief capped upmove. The volatility persisted in the market as investors awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.
The BSE SENSEX closed at 28059.94, up by 69.73 points or by 0.25 per cent, and the NSE Nifty was at 8650.3, up by 17.7 points or by 0.21 per cent.
Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy. Meanwhile, volatility was also high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.
In the volatile trade, the BSE Sensex touched intraday high of 28108.39 and intraday low of 27959.87, while the NSE Nifty touched intraday high of 8661.05 and intraday low of 8620.9.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 4949.10,+2.40%), Cipla Ltd. (Rs. 565.90,+1.97%), Infosys Ltd. (Rs. 1057.55,+1.76%), NTPC Ltd. (Rs. 161.25,+1.54%), Reliance Industries Ltd. (Rs. 1020.75,+1.07%), among others.
Meanwhile, Lupin Ltd. (Rs. 1521.10,-2.16%), Tata Steel Ltd. (Rs. 380.15,-1.38%), Tata Consultancy Services Ltd. (Rs. 2571.90,-1.20%), Tata Motors Ltd. (Rs. 498.00,-1.10%), Adani Ports & Special Economic Zone Ltd. (Rs. 270.30,-0.81%), were among top losers on BSE.
On the sectoral front, oil and gas and pharma stocks emerged as top gainers on BSE, rising as much as 1.49 per cent and 1.3 per cent respectively.
On the global front, the Asian shares ended mostly lower, except Japan’s Nikkei 225, amid caution ahead of Yellen’s speech on Friday which may offer more clues over when the Fed plans to raise interest rates next. Shanghai Composite ended tad lower even as China’s leading index rose at a faster clip in July. Hang Seng fell but Japan’s Nikkei 225 advanced.
