Markets open higher in early trade 03/10/2016 09:23
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a bullish trend across markets in Asia as worries over the health of German lender Deutsche Bank ebbed after reports emerged that it was set to be nearing a less-costly settlement than earlier feared, bolstering risk taking appetite.
Also, worries over Brexit and fears over escalation in tensions between India and Pakistan after last night’s terror attack at a BSF camp in Baramulla, which claimed the life of one soldier, may curb gains at Dalal Street. Caution ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel may also weigh on the markets.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 27948.99 up by 83.03 points or by 0.30 per cent, while the NSE Nifty was at 8641.80 points, trading higher by 30.65 points or by 0.36 per cent.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5665.00,+3.39 per cent), Tata Motors Ltd. (Rs. 543.80,+1.69 per cent), Hero MotoCorp Ltd. (Rs. 3469.00,+1.60 per cent), GAIL (India) Ltd. (Rs. 379.00,+1.32 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 259.95,+1.25 per cent), among others.
Meanwhile, Mahindra & Mahindra Ltd. (Rs. 1400.40,-0.39 per cent), Bajaj Auto Ltd. (Rs. 2829.00,-0.11 per cent), Coal India Ltd. (Rs. 322.50,-0.02 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 456 shares traded, 364 shares advanced, 71 shares declined while 21 were unchanged.
On the global front, Asian stocks were trading higher today as investors weighed the prospects of a further US interest rate hike and a report on business sentiment out of Japan. US stocks closed higher in the previous trading session as Deutsche Bank shares rebounded amid a report that the German banking giant was near a settlement with the Justice Department.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a bullish trend across markets in Asia as worries over the health of German lender Deutsche Bank ebbed after reports emerged that it was set to be nearing a less-costly settlement than earlier feared, bolstering risk taking appetite.
Also, worries over Brexit and fears over escalation in tensions between India and Pakistan after last night’s terror attack at a BSF camp in Baramulla, which claimed the life of one soldier, may curb gains at Dalal Street. Caution ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel may also weigh on the markets.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 27948.99 up by 83.03 points or by 0.30 per cent, while the NSE Nifty was at 8641.80 points, trading higher by 30.65 points or by 0.36 per cent.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5665.00,+3.39 per cent), Tata Motors Ltd. (Rs. 543.80,+1.69 per cent), Hero MotoCorp Ltd. (Rs. 3469.00,+1.60 per cent), GAIL (India) Ltd. (Rs. 379.00,+1.32 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 259.95,+1.25 per cent), among others.
Meanwhile, Mahindra & Mahindra Ltd. (Rs. 1400.40,-0.39 per cent), Bajaj Auto Ltd. (Rs. 2829.00,-0.11 per cent), Coal India Ltd. (Rs. 322.50,-0.02 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 456 shares traded, 364 shares advanced, 71 shares declined while 21 were unchanged.
On the global front, Asian stocks were trading higher today as investors weighed the prospects of a further US interest rate hike and a report on business sentiment out of Japan. US stocks closed higher in the previous trading session as Deutsche Bank shares rebounded amid a report that the German banking giant was near a settlement with the Justice Department.
