Markets open higher in early trade
06/10/2016 09:24
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 and a strong finish at Wall Street overnight as a rally in crude oil prices bolstered energy stocks while upbeat US services data signaled strength in the world’s biggest economy, boosting risk taking appetite.
An improved outlook for Asia’s third biggest economy amid the 25 basis points interest rate cut by the Reserve Bank of India (RBI) this week which may help revive investment and boost consumption may support sentiment at Dalal Street.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28280.98 up by 60 points or by 0.21 per cent, while the NSE Nifty was at 8754.80 points, trading higher by 10.85 points or by 0.12 per cent.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2885.80,+1.00 per cent), Hero MotoCorp Ltd. (Rs. 3525.30,+1.00 per cent), Bharti Airtel Ltd. (Rs. 325.00,+0.90 per cent), Tata Motors Ltd. (Rs. 563.00,+0.88 per cent), ICICI Bank Ltd. (Rs. 257.50,+0.72 per cent), among others.
Meanwhile, NTPC Ltd. (Rs. 152.00,-0.49 per cent), Axis Bank Ltd. (Rs. 535.00,-0.13 per cent), Power Grid Corporation of India Ltd. (Rs. 180.65,-0.08 per cent), Infosys Ltd. (Rs. 1041.00,-0.01 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 464 shares traded, 367 shares advanced, 74 shares declined while 23 were unchanged.
On the global front, Asian stocks were trading higher today as bets rose that the US Federal Reserve may cut interest rates this year as data suggested that the US economy was regaining momentum. US stocks closed higher in the previous trading session as investors cheered upbeat US services data and a slight advance in August factory orders.
06/10/2016 09:24
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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An improved outlook for Asia’s third biggest economy amid the 25 basis points interest rate cut by the Reserve Bank of India (RBI) this week which may help revive investment and boost consumption may support sentiment at Dalal Street.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28280.98 up by 60 points or by 0.21 per cent, while the NSE Nifty was at 8754.80 points, trading higher by 10.85 points or by 0.12 per cent.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2885.80,+1.00 per cent), Hero MotoCorp Ltd. (Rs. 3525.30,+1.00 per cent), Bharti Airtel Ltd. (Rs. 325.00,+0.90 per cent), Tata Motors Ltd. (Rs. 563.00,+0.88 per cent), ICICI Bank Ltd. (Rs. 257.50,+0.72 per cent), among others.
Meanwhile, NTPC Ltd. (Rs. 152.00,-0.49 per cent), Axis Bank Ltd. (Rs. 535.00,-0.13 per cent), Power Grid Corporation of India Ltd. (Rs. 180.65,-0.08 per cent), Infosys Ltd. (Rs. 1041.00,-0.01 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 464 shares traded, 367 shares advanced, 74 shares declined while 23 were unchanged.
On the global front, Asian stocks were trading higher today as bets rose that the US Federal Reserve may cut interest rates this year as data suggested that the US economy was regaining momentum. US stocks closed higher in the previous trading session as investors cheered upbeat US services data and a slight advance in August factory orders.
