Bulls continue to rule the roost at D-Street; FMCG, Auto lead
02/08/2016 11:27
11.27 Am - Nifty Fut : Buy Zone
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Despite weak cues from fellow Asian peers, Indian equity benchmarks continued to trade higher during the late morning deals on Tuesday 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 a pick up in infrastructure sector in June.
Sensex was at 28,119.33, up by 116.21 points or 0.41 per cent
Nifty was at 8,662.15, up by 25.6 points or 0.3 per cent.
Buying momentum was witnessed mainly in the FMCG and auto sector stocks.
Meanwhile, infrastructure sector grew fastest in two months in June at 5.2 per cent mainly on account of double digit growth in coal and cement sectors, supporting the upmove at domestic markets.
On the global front, Asian markets were trading in the red as a slump in oil which fell below the USD 40 per barrel mark for the first time since April, hit stocks of energy and commodity companies. Japan's Nikkei was quoting lower by 1.20 per cent, while financial markets in Hong Kong are closed today due to a typhoon. China’s Shanghai Composite index shed 0.04 per cent.
02/08/2016 11:27
11.27 Am - Nifty Fut : Buy Zone
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Keep Refresh for Fresh Tips
Despite weak cues from fellow Asian peers, Indian equity benchmarks continued to trade higher during the late morning deals on Tuesday 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 a pick up in infrastructure sector in June.
Sensex was at 28,119.33, up by 116.21 points or 0.41 per cent
Nifty was at 8,662.15, up by 25.6 points or 0.3 per cent.
Buying momentum was witnessed mainly in the FMCG and auto sector stocks.
Meanwhile, infrastructure sector grew fastest in two months in June at 5.2 per cent mainly on account of double digit growth in coal and cement sectors, supporting the upmove at domestic markets.
On the global front, Asian markets were trading in the red as a slump in oil which fell below the USD 40 per barrel mark for the first time since April, hit stocks of energy and commodity companies. Japan's Nikkei was quoting lower by 1.20 per cent, while financial markets in Hong Kong are closed today due to a typhoon. China’s Shanghai Composite index shed 0.04 per cent.
