Post Session: Bull-run continues at D-St; Nifty settles above 8,800 19/09/2016 15:59

Post Session: Bull-run continues at D-St; Nifty settles above 8,800
19/09/2016 15:59

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE


 Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

The Indian equities ended higher for the fourth straight session on Monday with benchmarks NSE Nifty breaching 8,800 level, helped by gains in the index heavyweights such as TCS, ONGC, ICICI Bank, Adani Port, and Tata Steel, tracking firm cues from Asian peers as rebound in oil prices bolstered market sentiment.

The 30-share BSE SENSEX closed at 28634.5, up by 35.47 points or by 0.12 per cent, and the NSE Nifty settled at 8808.4, up by 28.55 points or by 0.33 per cent.

However, investors stuck to a cautious approach ahead of key central bank meetings this week which may offer cues over the outlook for the global economy, restricting further gains.

In the bullish trade, the BSE Sensex touched intraday high of 28714.77 and intraday low of 28552.55, while the NSE Nifty touched intraday high of 8824.3 and intraday low of 8774.2.

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2407.35,+1.96%), ICICI Bank Ltd. (Rs. 271.85,+1.61%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.10,+1.60%), Coal India Ltd. (Rs. 328.80,+1.17%), Oil And Natural Gas Corporation Ltd. (Rs. 254.00,+1.07%), among others.

On the flip side, Maruti Suzuki India Ltd. (Rs. 5483.60,-1.48%), Bajaj Auto Ltd. (Rs. 2945.75,-1.15%), Axis Bank Ltd. (Rs. 594.45,-1.11%), Hero MotoCorp Ltd. (Rs. 3553.00,-0.90%), ITC Ltd. (Rs. 258.15,-0.86%), were among top losers on the BSE.

On the sectoral front, realty and metal stocks emerged as top gainers, adding as much as 1.6 per cent and 1.33 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3160, shares advanced were 1571 while 1335 shares declined and 254 were unchanged.

On the global front, Asian stocks ended higher as oil prices bounced back, bolstered sentiment while the focus was firmly on the Federal Reserve and the Bank of Japan policy meets this week. Markets in Japan were closed for a holiday, stocks in China and Hong Kong advanced as odds of a Fed rate hike this week dimmed after tepid US consumer data.

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.