Markets extend gains; TCS, Tata Steel shares advance 01/08/2016 10:20
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha's agenda for this week in the ongoing monsoon session of the Parliament.
Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.
Also, movement of rupee against the dollar, foreign investment trend and global cues will also influence the direction of local bourses this week.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28233.28 up by 181.42 points or by 0.65 per cent, while the NSE Nifty was at 8693.25 points, trading higher by 54.75 points or by 0.63 per cent.
On the global front, Asian stocks were trading higher today as the chances of a US interest-rate increase diminished, after the nation's economic growth for the second quarter came in below expectations. The US markets ended higher in the previous trading session as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.
10.20Am - Nifty Fut : Buy Zone
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha's agenda for this week in the ongoing monsoon session of the Parliament.
Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.
Also, movement of rupee against the dollar, foreign investment trend and global cues will also influence the direction of local bourses this week.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28233.28 up by 181.42 points or by 0.65 per cent, while the NSE Nifty was at 8693.25 points, trading higher by 54.75 points or by 0.63 per cent.
On the global front, Asian stocks were trading higher today as the chances of a US interest-rate increase diminished, after the nation's economic growth for the second quarter came in below expectations. The US markets ended higher in the previous trading session as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.
