Sensex surges 65 pts on F&O expiry
25/08/2016 10:29
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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At 10:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,125.71, up by 65.77 points or 0.23 per cent while the NSE Nifty was at 8,675.6, up by 25.3 points or 0.29 per cent.
Buying momentum was witnessed mainly in the healthcare, banking and FMCG sector stocks.
Meanwhile, volatility remain high at the local bourses as traders roll over their positions amid the August Futures & Options (F&O) contract expiry.
On the global front, major Asian markets were trading in the red as commodity shares slumped as oil prices fell after a surprise surge in US inventories last week while Turkey’s military operation in Syria signaled heightened geopolitical risks, curbing risk taking appetite. Also caution prevailed ahead of Yellen’s speech on Friday which may offer more clues over when the Fed plans to raise interest rates next.
25/08/2016 10:29
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
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Despite weak cues from fellow Asian peers, Indian equity benchmarks were trading in the positive territory during the morning session on Thursday as traders indulged in covering up of short positions on the day of the expiry of the August derivative contracts.At 10:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,125.71, up by 65.77 points or 0.23 per cent while the NSE Nifty was at 8,675.6, up by 25.3 points or 0.29 per cent.
Buying momentum was witnessed mainly in the healthcare, banking and FMCG sector stocks.
Meanwhile, volatility remain high at the local bourses as traders roll over their positions amid the August Futures & Options (F&O) contract expiry.
On the global front, major Asian markets were trading in the red as commodity shares slumped as oil prices fell after a surprise surge in US inventories last week while Turkey’s military operation in Syria signaled heightened geopolitical risks, curbing risk taking appetite. Also caution prevailed ahead of Yellen’s speech on Friday which may offer more clues over when the Fed plans to raise interest rates next.
