Markets remain firm; SBI, Tata Motors shares advance
12/08/2016 13:09
NIFTY Fut : Trend : BUY ZONE
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The key domestic benchmark indices were trading in a positive terrain in the afternoon trading session as traders remained optimistic, ahead of the key macro data of Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation slated to be announced after the market hours. Appreciation in Indian rupee too aided sentiments.
Traders were also optimistic after India Meteorological Department (IMD) stated that monsoon rains in India were 15 percent above average in the week ended August 10, 2016
Some support also came with report that foreign institutional investors continued to remain buyers in equities with net purchases of Rs 608 crore on Thursday, as per provisional stock exchange data.
At 01:10 PM, the Bombay Stock Exchange bellwether Sensex was at 28137.57 up by 277.97 points or by 1 per cent, while the NSE Nifty was at 8668.95 points, trading higher by 76.8 points or by 0.89 per cent.
On the global front, Asian stocks were trading higher today tracking sharp gains in US stocks which hit fresh record highs in overnight trades.
12/08/2016 13:09
NIFTY Fut : Trend : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The key domestic benchmark indices were trading in a positive terrain in the afternoon trading session as traders remained optimistic, ahead of the key macro data of Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation slated to be announced after the market hours. Appreciation in Indian rupee too aided sentiments.
Traders were also optimistic after India Meteorological Department (IMD) stated that monsoon rains in India were 15 percent above average in the week ended August 10, 2016
Some support also came with report that foreign institutional investors continued to remain buyers in equities with net purchases of Rs 608 crore on Thursday, as per provisional stock exchange data.
At 01:10 PM, the Bombay Stock Exchange bellwether Sensex was at 28137.57 up by 277.97 points or by 1 per cent, while the NSE Nifty was at 8668.95 points, trading higher by 76.8 points or by 0.89 per cent.
On the global front, Asian stocks were trading higher today tracking sharp gains in US stocks which hit fresh record highs in overnight trades.
