Sensex surges 120 pts in opening; Nifty trades above 8,700
10/10/2016 09:35
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The Indian equities belled the day on positive note on Monday as investor optimism over the Q2 quarterly earnings season and improved outlook for Asia’s third biggest economy bolstered risk taking appetite.
At 9:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28184.48, up by 123.34 points or by 0.44 per cent, and the NSE Nifty was at 8730.8, up by 33.2 points or by 0.38 per cent.
In a truncated trading week with markets closed on Tuesday and Wednesday, the focus will be on September quarter earnings from IT giants TCS and Infosys on October 13 and October 14, respectively. The IIP data for August and consumer inflation numbers for September to be released on Monday, will offer further cues over monetary easing by the Reserve Bank of India in the near-term.
On the global front, Asian stocks were trading mixed as traders eyed the second US Presidential debate even as Republican nominee Donald Trump’s chances of getting elected to the office took a severe blow after the surfacing of a 2005 video in which he made degrading comments about women.
On the sectoral front, all the thirteen indices were trading in green, with metal and PSU stocks were leading the gain, adding as much as 1.53 per cent and 0.61 per cent respectively.
10/10/2016 09:35
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The Indian equities belled the day on positive note on Monday as investor optimism over the Q2 quarterly earnings season and improved outlook for Asia’s third biggest economy bolstered risk taking appetite.
At 9:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28184.48, up by 123.34 points or by 0.44 per cent, and the NSE Nifty was at 8730.8, up by 33.2 points or by 0.38 per cent.
In a truncated trading week with markets closed on Tuesday and Wednesday, the focus will be on September quarter earnings from IT giants TCS and Infosys on October 13 and October 14, respectively. The IIP data for August and consumer inflation numbers for September to be released on Monday, will offer further cues over monetary easing by the Reserve Bank of India in the near-term.
On the global front, Asian stocks were trading mixed as traders eyed the second US Presidential debate even as Republican nominee Donald Trump’s chances of getting elected to the office took a severe blow after the surfacing of a 2005 video in which he made degrading comments about women.
On the sectoral front, all the thirteen indices were trading in green, with metal and PSU stocks were leading the gain, adding as much as 1.53 per cent and 0.61 per cent respectively.
