Showing posts with label Post Session: Sensex rallies 440 pts to end above 28K; Nifty surges 137 pts 30/08/2016 16:08. Show all posts
Showing posts with label Post Session: Sensex rallies 440 pts to end above 28K; Nifty surges 137 pts 30/08/2016 16:08. Show all posts

Post Session: Sensex rallies 440 pts to end above 28K; Nifty surges 137 pts 30/08/2016 16:08

Post Session: Sensex rallies 440 pts to end above 28K; Nifty surges 137 pts
30/08/2016 16:08
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE



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Continuing its gaining streak for the second straight session, the Indian equities ended tad higher in a broad-based rally on Tuesday tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite. Gains in index heavyweights such as HDFC Bank, Infosys, ICICI Bank, ITC, Maruti Suzuki, GAIL, Bajaj Auto, Asian Paint and Sun Pharma also bolstered market sentiments.

The BSE SENSEX closed at 28343.01, up by 440.35 points or by 1.58 per cent, and the NSE Nifty ended at 8744.35, up by 136.9 points or by 1.59 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28478.02 and intraday low of 28010.66, while the NSE Nifty touched intraday high of 8750.6 and intraday low of 8642.25.

The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1146.80,+3.20%), Bajaj Auto Ltd. (Rs. 2973.40,+3.09%), Maruti Suzuki India Ltd. (Rs. 5068.90,+2.83%), GAIL (India) Ltd. (Rs. 388.00,+2.69%), HDFC Bank Ltd. (Rs. 1267.50,+2.35%), among others.

Meanwhile, Bharti Airtel Ltd. (Rs. 332.10,-2.82%), was top loser on BSE.

On the sectoral front, all the thirteen indices ended in green while auto and IT stocks emerged as top gainers on BSE, rising as much as 1.81 per cent and 1.77 per cent respectively.

The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3071, shares advanced were 1713 while 1123 shares declined and 235 were unchanged.

On the global front, the Asian shares ended mostly higher, barring Japan’s Nikkei 225, as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. Shanghai Composite and Hang Seng ended with mild gains while Japan’s Nikkei 225 ended below the baseline.

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