Bulls continue to rule the roost at D-Street; bank, metal lead 05/08/2016 11:37
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11.37 Am - Nifty Fut : Buy Zone
Tracking a rally across fellow Asian peers, Indian equity benchmarks continued to trade higher during the late morning deals on Friday as strong buying was witnessed from retail investors amidst sustained inflows from foreign funds.
At 11:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,002.75, up by 288.38 points or 1.04 per cent while the NSE Nifty was at 8,639.25, up by 88.15 points or 1.03 per cent.
Further, the announcement of Bank of England to cut interest rate and fresh stimulus package to counter the fallout from Brexit, too supported sentiment at D-Street.
Buying momentum was witnessed mainly in the banking, auto and metal sector stocks.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 231.75,+2.75%), ICICI Bank Ltd. (Rs. 247.20,+2.72%), Hero MotoCorp Ltd. (Rs. 3355.00,+2.60%), Bajaj Auto Ltd. (Rs. 2809.50,+2.54%), Axis Bank Ltd. (Rs. 558.25,+2.30%), among others.
Major show spoilers were Sun Pharmaceutical Industries Ltd. (Rs. 842.90,-0.72%), Infosys Ltd. (Rs. 1069.55,-0.24%), Power Grid Corporation of India Ltd. (Rs. 177.40,-0.22%), among others.
On the global front, Asian markets were trading in the green as the Bank of England cut interest rates to a record low and expanded asset purchases to help cushion Britain’s economy from the fallout of Brexit, bolstering risk taking appetite.
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11.37 Am - Nifty Fut : Buy Zone
Tracking a rally across fellow Asian peers, Indian equity benchmarks continued to trade higher during the late morning deals on Friday as strong buying was witnessed from retail investors amidst sustained inflows from foreign funds.
At 11:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,002.75, up by 288.38 points or 1.04 per cent while the NSE Nifty was at 8,639.25, up by 88.15 points or 1.03 per cent.
Further, the announcement of Bank of England to cut interest rate and fresh stimulus package to counter the fallout from Brexit, too supported sentiment at D-Street.
Buying momentum was witnessed mainly in the banking, auto and metal sector stocks.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 231.75,+2.75%), ICICI Bank Ltd. (Rs. 247.20,+2.72%), Hero MotoCorp Ltd. (Rs. 3355.00,+2.60%), Bajaj Auto Ltd. (Rs. 2809.50,+2.54%), Axis Bank Ltd. (Rs. 558.25,+2.30%), among others.
Major show spoilers were Sun Pharmaceutical Industries Ltd. (Rs. 842.90,-0.72%), Infosys Ltd. (Rs. 1069.55,-0.24%), Power Grid Corporation of India Ltd. (Rs. 177.40,-0.22%), among others.
On the global front, Asian markets were trading in the green as the Bank of England cut interest rates to a record low and expanded asset purchases to help cushion Britain’s economy from the fallout of Brexit, bolstering risk taking appetite.
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