Markets extend gains; ICICI Bank, SBI shares shares advance
05/08/2016 10:19
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10.19 Am - Nifty Fut : Buy Zone
The key domestic benchmark indices were trading higher in the morning trading session as the passage of the long pending GST bill in the Rajya Sabha this week continued to support investor sentiment, although concerns surrounding its implementation may temper gains at Dalal Street.
The markets also gained tracking a rally across markets in Asia as traders across the globe eyed the crucial July US jobs data which will signal the health of the labour market recovery in the world’s biggest economy and may offer some clues over the timing of the next US Fed interest rate hike.
Shares of GSK Consumer Healthcare, HT Media and Pfizer will be in focus as they reveal their April-June 2016 quarter report cards.
At 10:15 AM, the Bombay Stock Exchange bellwether Sensex was at 27967.42 up by 253.05 points or by 0.91 per cent, while the NSE Nifty was at 8628.2 points, trading higher by 77.1 points or by 0.9 per cent.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 247.60,+2.89 per cent), State Bank of India (Rs. 231.65,+2.70 per cent), Axis Bank Ltd. (Rs. 557.50,+2.16 per cent), Hero MotoCorp Ltd. (Rs. 3331.25,+1.87 per cent), Tata Steel Ltd. (Rs. 380.50,+1.72 per cent), among others.
Meanwhile, Infosys Ltd. (Rs. 1068.75,-0.32 per cent), was among the top losers on BSE.
On the global front, Asian stocks were trading higher today after 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. The US markets ended flat in the previous trading session as investors kept to the sidelines ahead of US payrolls report for July.
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05/08/2016 10:19
Click Here & Register To Get 2 days Trial Tips
10.19 Am - Nifty Fut : Buy Zone
The key domestic benchmark indices were trading higher in the morning trading session as the passage of the long pending GST bill in the Rajya Sabha this week continued to support investor sentiment, although concerns surrounding its implementation may temper gains at Dalal Street.
The markets also gained tracking a rally across markets in Asia as traders across the globe eyed the crucial July US jobs data which will signal the health of the labour market recovery in the world’s biggest economy and may offer some clues over the timing of the next US Fed interest rate hike.
Shares of GSK Consumer Healthcare, HT Media and Pfizer will be in focus as they reveal their April-June 2016 quarter report cards.
At 10:15 AM, the Bombay Stock Exchange bellwether Sensex was at 27967.42 up by 253.05 points or by 0.91 per cent, while the NSE Nifty was at 8628.2 points, trading higher by 77.1 points or by 0.9 per cent.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 247.60,+2.89 per cent), State Bank of India (Rs. 231.65,+2.70 per cent), Axis Bank Ltd. (Rs. 557.50,+2.16 per cent), Hero MotoCorp Ltd. (Rs. 3331.25,+1.87 per cent), Tata Steel Ltd. (Rs. 380.50,+1.72 per cent), among others.
Meanwhile, Infosys Ltd. (Rs. 1068.75,-0.32 per cent), was among the top losers on BSE.
On the global front, Asian stocks were trading higher today after 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. The US markets ended flat in the previous trading session as investors kept to the sidelines ahead of US payrolls report for July.
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