Sensex zooms 194 pts on GST hopes; IT, Tech lead 01/08/2016 11:34
11.34Am - Nifty Fut : Buy Zone
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Indian equity benchmarks continued to trade higher during the late morning deals on Monday as strong buying was witnessed from foreign funds and retail investors amid rising hopes of passage of GST bill in the Rajya Sabha this week and amidst firm cues from fellow Asian peers.
At 10:59 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,246.12, up by 194.26 points or 0.69 per cent while the NSE Nifty was at 8,694, up by 55.5 points or 0.64 per cent.
Meanwhile, Manufacturing PMI for July at four month high at 51.8 as compared to 51.7 in the previous month, indicated a further improvement in overall business conditions across the sector. The reading above 50 points indicates expansion, while below 50 points is contraction.
Buying momentum was witnessed mainly in the IT, Teck and auto sector stocks.
On the global front, Asian markets were trading in the green, except China’s Shanghai Composite as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy.
11.34Am - Nifty Fut : Buy Zone
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Indian equity benchmarks continued to trade higher during the late morning deals on Monday as strong buying was witnessed from foreign funds and retail investors amid rising hopes of passage of GST bill in the Rajya Sabha this week and amidst firm cues from fellow Asian peers.
At 10:59 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,246.12, up by 194.26 points or 0.69 per cent while the NSE Nifty was at 8,694, up by 55.5 points or 0.64 per cent.
Meanwhile, Manufacturing PMI for July at four month high at 51.8 as compared to 51.7 in the previous month, indicated a further improvement in overall business conditions across the sector. The reading above 50 points indicates expansion, while below 50 points is contraction.
Buying momentum was witnessed mainly in the IT, Teck and auto sector stocks.
On the global front, Asian markets were trading in the green, except China’s Shanghai Composite as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy.
