Sensex surges 230 pts in opening on firm global cues; Nifty trades above 8,800
16/09/2016 09:31
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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At 9:30 AM, the Bombay Stock Exchange bellwether Sensex was at 28,643.99, up by 231.10 points or by 0.81 per cent and the NSE Nifty was at 8,806.95, up by 64.40 points or by 0.74 per cent.
A continued loose monetary policy regime in key developed markets also bolstered capital flows into emerging markets such as Asia’s third biggest economy. While the Bank of England on Thursday kept policy unchanged but signaled scope of a further rate cut in November, the Fed will meet next week to decide whether to hike interest rates, while the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain.
On the sectoral front, all the thirteen indices opened in green with bankex and auto stocks were leading the gain, adding as much as 1.14 per cent each.
On the global front, Asian stocks bounced back from a six-week low as worries over a September Fed rate hike eased. While markets in China and Hong Kong were closed for holidays, Japan’s Nikkei 225 climbed on reduced expectations of the US central bank hiking interest rates next week.
16/09/2016 09:31
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher on Friday tracking positive trade in Asian markets and a rally at Wall Street overnight as disappointing US industrial output and retail sales data pared back expectations of a Fed interest rate hike, bolstering risk taking appetite.At 9:30 AM, the Bombay Stock Exchange bellwether Sensex was at 28,643.99, up by 231.10 points or by 0.81 per cent and the NSE Nifty was at 8,806.95, up by 64.40 points or by 0.74 per cent.
A continued loose monetary policy regime in key developed markets also bolstered capital flows into emerging markets such as Asia’s third biggest economy. While the Bank of England on Thursday kept policy unchanged but signaled scope of a further rate cut in November, the Fed will meet next week to decide whether to hike interest rates, while the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain.
On the sectoral front, all the thirteen indices opened in green with bankex and auto stocks were leading the gain, adding as much as 1.14 per cent each.
On the global front, Asian stocks bounced back from a six-week low as worries over a September Fed rate hike eased. While markets in China and Hong Kong were closed for holidays, Japan’s Nikkei 225 climbed on reduced expectations of the US central bank hiking interest rates next week.
