Mid-Session: Sensex up 70 pts, Nifty trade above 8,750; oil&gas stocks zoom 4% 06/10/2016 12:25

Mid-Session: Sensex up 70 pts, Nifty trade above 8,750; oil&gas stocks zoom 4%
06/10/2016 12:25

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 continued to trade higher in late morning deal on Thursday, led by strong gain across oil & gas and PSU space, tracking a bullish trend across markets in Asia. 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, also supported sentiment at Dalal Street.

At 12:15 PM, the Bombay Stock Exchange bellwether Sensex was at 28292.39, up by 71.41 points or by 0.25 per cent, and the NSE Nifty was at 8769.2, up by 25.25 points or by 0.29 per cent.

On the corporate space, Indian Oil Corporation (IOC) jumped over 6 per cent in intra-day on the Bombay Stock Exchange after the company fixed October 19, 2016 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1.

On the sectoral front, oil&gas and PSU stocks were leading the gain, adding as much as 3.91 per cent and 1.52 per cent respectively.

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.