Bulls continue to dominate D-Street; auto, bank lead
06/09/2016 11:36
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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At 11:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,828.19, up by 296.08 points or 1.04 per cent while the NSE Nifty was at 8,895.15, up by 85.5 points or 0.97 per cent.
Moreover, upbeat services sector data too supported sentiment at Dalal Street. India’s services PMI climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion.
On the global front, Asian markets were trading in the green amidst speculation that the US economy wasn’t strong enough for the Fed to hike interest rates this month.
06/09/2016 11:36
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks continued to trade higher during the late morning deals on Tuesday as traders indulged in buying activity tracking positive cues from fellow Asian peers after a slowdown in the US jobs data for August which dimmed expectations of US interest rate hike in near term.At 11:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,828.19, up by 296.08 points or 1.04 per cent while the NSE Nifty was at 8,895.15, up by 85.5 points or 0.97 per cent.
Moreover, upbeat services sector data too supported sentiment at Dalal Street. India’s services PMI climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion.
On the global front, Asian markets were trading in the green amidst speculation that the US economy wasn’t strong enough for the Fed to hike interest rates this month.
