Markets remain firm; ITC, Maruti Suzuki shares advance 02/08/2016 10:26
10.49 Am - Nifty Fut : Buy Zone
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
Acceleration in manufacturing activity also augured well for the Indian economy as the country’s manufacturing PMI rose to a four-month high of 51.8 in July from 51.7 in June, with a reading above 50 signaling expansion.
However, weak report cards from Sensex heavyweights such as ICICI Bank which reported a 25 per cent drop in quarterly profit due to higher provisions and L&T which warned of continued sluggishness in the country’s investment climate may dim some optimism over Asia’s third biggest economy.
At 10:20 AM,
Sensex was at 28086.81 up by 83.69 points or by 0.3 per cent,
Nifty was at 8657.95 points, Up by 21.4 points or by 0.25 per cent.
On the global front, Asian stocks were trading lower today taking cues from a modestly lower day on Wall Street overnight as US crude oil prices slid. The US markets ended lower in the previous trading session after cooling factory growth raised concerns over a slowdown in the world’s biggest economy.
10.49 Am - Nifty Fut : Buy Zone
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
Acceleration in manufacturing activity also augured well for the Indian economy as the country’s manufacturing PMI rose to a four-month high of 51.8 in July from 51.7 in June, with a reading above 50 signaling expansion.
However, weak report cards from Sensex heavyweights such as ICICI Bank which reported a 25 per cent drop in quarterly profit due to higher provisions and L&T which warned of continued sluggishness in the country’s investment climate may dim some optimism over Asia’s third biggest economy.
At 10:20 AM,
Sensex was at 28086.81 up by 83.69 points or by 0.3 per cent,
Nifty was at 8657.95 points, Up by 21.4 points or by 0.25 per cent.
On the global front, Asian stocks were trading lower today taking cues from a modestly lower day on Wall Street overnight as US crude oil prices slid. The US markets ended lower in the previous trading session after cooling factory growth raised concerns over a slowdown in the world’s biggest economy.
