Sensex jumps over 300 pts; Nifty marches towards 9000-mark
06/09/2016 13:36
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At 1:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,848.39, up by 316.28 points or 1.11 per cent while the NSE Nifty was at 8,906.45, up by 96.8 points or 1.1 per cent.
Buying momentum was witnessed mainly in the banking and auto sector stocks.
Moreover, upbeat services sector data too supported sentiment at domestic markets. 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 green on expectations that the Fed may not hike interest rates this month post slowdown in the monthly US jobs data.
06/09/2016 13:36
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks extended gains during the afternoon session on Tuesday led by across-the-board buying by investors on sustained foreign fund inflows as a slowdown in August US jobs growth dimmed expectations of US interest rate hike this month.At 1:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,848.39, up by 316.28 points or 1.11 per cent while the NSE Nifty was at 8,906.45, up by 96.8 points or 1.1 per cent.
Buying momentum was witnessed mainly in the banking and auto sector stocks.
Moreover, upbeat services sector data too supported sentiment at domestic markets. 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 green on expectations that the Fed may not hike interest rates this month post slowdown in the monthly US jobs data.
