Markets maintain momentum; Bank stocks gain
06/09/2016 14:17
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At 14:10 hours, the 30-share benchmark index was trading at 28851.68 up by 319.57 points or by 1.12 per cent, while the NSE Nifty was at 8902.15 up by 92.5 points or by 1.05 per cent.
Sentiments also remained optimistic on reports that growth in India’s services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in domestic and foreign demand. The Nikkei/Markit Services Purchasing Managers’ Index jumped to 54.7 in August, it’s highest since January 2013, from 51.9 in July.
On the global front, Asian peers ended the day mostly in green, while European counters were trading mixed.
06/09/2016 14:17
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BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices continued to trade firm during the late noon trading session with financial shares leading the gains after lower-than-expected non-farm payrolls data reduced the fears of a US Federal Reserve rate hike.At 14:10 hours, the 30-share benchmark index was trading at 28851.68 up by 319.57 points or by 1.12 per cent, while the NSE Nifty was at 8902.15 up by 92.5 points or by 1.05 per cent.
Sentiments also remained optimistic on reports that growth in India’s services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in domestic and foreign demand. The Nikkei/Markit Services Purchasing Managers’ Index jumped to 54.7 in August, it’s highest since January 2013, from 51.9 in July.
On the global front, Asian peers ended the day mostly in green, while European counters were trading mixed.
