Markets extend gains; Axis Bank, Tata Motors shares advance
06/09/2016 10:21
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Optimistic services sector data also supported sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy.
The Nikkei India Services Business Activity Index 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.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28807.55 up by 275.44 points or by 0.97 per cent, while the NSE Nifty was at 8888.35 points, trading higher by 78.7 points or by 0.89 per cent.
On the global front, Asian stocks were trading higher today as prospects for a US interest-rate increase this month remained subdued. US stocks were closed on Monday on account of the Labour Day holiday.
06/09/2016 10:21
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a firm trend across markets in Asia as worries over a near-term US interest rate hike eased after Friday’s jobs data came in below expectations.Optimistic services sector data also supported sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy.
The Nikkei India Services Business Activity Index 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.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28807.55 up by 275.44 points or by 0.97 per cent, while the NSE Nifty was at 8888.35 points, trading higher by 78.7 points or by 0.89 per cent.
On the global front, Asian stocks were trading higher today as prospects for a US interest-rate increase this month remained subdued. US stocks were closed on Monday on account of the Labour Day holiday.
