Markets maintain momentum; Banking & power stocks support 18/08/2016 14:28

Markets maintain momentum; Banking & power stocks support
18/08/2016 14:28
NIFTY Fut : Trend : SELL ZONE

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The key domestic benchmark indices were trading in green during the late noon trading session on the back of sustained buying activities by both funds and retail investors.

At 14:23 hours, the 30-share benchmark index was trading at 28119.68 up by 114.31 points or by 0.41 per cent, while the NSE Nifty was at 8665.85 up by 41.8 points or by 0.48 per cent.

Traders were getting some support with signs that US Fed is embracing a lower-for-longer interest rate regime. Minutes from the Federal Reserve's July meeting signalled that policy makers remain divided on prospects for a near-term rate increase.

On the global front, Asian peers ended the day on a mixed note, while European counters were trading firm.