Markets remain bullish, Sensex up 238 points 05/08/2016 14:21
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02.21 Pm - Nifty Fut : Buy Zone
Tracking positive cues from the European peers, the key domestic benchmark indices continued to trade firm during the late noon trading session amid broad based buying.
At 14:11 hours, the 30-share benchmark index was trading at 27953.25 up by 238.88 points or by 0.86 per cent, while the NSE Nifty was at 8641.9 up by 90.8 points or by 1.06 per cent.
Sentiments remained up-beat with the government setting a target of April 1, 2017 for rollout of the Goods and Services Tax and unveiling a detailed roadmap for its implementation. Some support also came with the Global credit rating agency, Moody's Investors Service's statement that the GST implementation will be positive for the country’s economic growth without any significant impact on inflation.
In the bullish trade so-far, Sensex touched an intraday high of 28034.93 and an intraday low of 27795.74, while the NSE Nifty touched an intraday high of 8653.3 and an intraday low of 8590.15.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2840.40,+3.67%), Axis Bank Ltd. (Rs. 564.80,+3.50%), Hero MotoCorp Ltd. (Rs. 3380.55,+3.38%), State Bank of India (Rs. 232.75,+3.19%), ICICI Bank Ltd. (Rs. 246.65,+2.49%), among others.
However, some selling pressure was seen in index heavyweights including Bharti Airtel Ltd. (Rs. 359.50,-1.57%), Sun Pharmaceutical Industries Ltd. (Rs. 841.50,-0.89%), Infosys Ltd. (Rs. 1064.95,-0.67%), Tata Consultancy Services Ltd. (Rs. 2646.05,-0.25%), ITC Ltd. (Rs. 251.50,-0.18%), among others.
Among the sectors, metal and realty were on the buyer’s radar, increasing 2.52 per cent and 2.11 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2889 , shares advanced were 1840 while 872 shares declined and 177 were unchanged. On the global front, Asian peers ended the day on a mixed note while European counters were trading firm.
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02.21 Pm - Nifty Fut : Buy Zone
Tracking positive cues from the European peers, the key domestic benchmark indices continued to trade firm during the late noon trading session amid broad based buying.
At 14:11 hours, the 30-share benchmark index was trading at 27953.25 up by 238.88 points or by 0.86 per cent, while the NSE Nifty was at 8641.9 up by 90.8 points or by 1.06 per cent.
Sentiments remained up-beat with the government setting a target of April 1, 2017 for rollout of the Goods and Services Tax and unveiling a detailed roadmap for its implementation. Some support also came with the Global credit rating agency, Moody's Investors Service's statement that the GST implementation will be positive for the country’s economic growth without any significant impact on inflation.
In the bullish trade so-far, Sensex touched an intraday high of 28034.93 and an intraday low of 27795.74, while the NSE Nifty touched an intraday high of 8653.3 and an intraday low of 8590.15.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2840.40,+3.67%), Axis Bank Ltd. (Rs. 564.80,+3.50%), Hero MotoCorp Ltd. (Rs. 3380.55,+3.38%), State Bank of India (Rs. 232.75,+3.19%), ICICI Bank Ltd. (Rs. 246.65,+2.49%), among others.
However, some selling pressure was seen in index heavyweights including Bharti Airtel Ltd. (Rs. 359.50,-1.57%), Sun Pharmaceutical Industries Ltd. (Rs. 841.50,-0.89%), Infosys Ltd. (Rs. 1064.95,-0.67%), Tata Consultancy Services Ltd. (Rs. 2646.05,-0.25%), ITC Ltd. (Rs. 251.50,-0.18%), among others.
Among the sectors, metal and realty were on the buyer’s radar, increasing 2.52 per cent and 2.11 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2889 , shares advanced were 1840 while 872 shares declined and 177 were unchanged. On the global front, Asian peers ended the day on a mixed note while European counters were trading firm.
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