Markets remain positive; metal, auto stocks support
17/08/2016 11:34
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Tracking positive cues from fellow Asian peers, Indian equity benchmarks continued to trade in the positive territory during the late morning deals on Wednesday. Buying momentum was witnessed mainly in the metal and auto sector stocks.
At 11:09 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,115.85, up by 51.24 points or 0.18 per cent while the NSE Nifty was at 8,652, up by 9.45 points or 0.11 per cent.
However, caution prevailed as a US Fed official on Tuesday said that interest rates could be raised as soon as September, restricting further gains.
On the global front, Asian markets were trading in the green despite worries over a potential US Fed rate hike next month. China’s Shanghai Composite was up 0.05 per cent, Hong Kong’s Hang Seng rose 0.26 per cent and Japan’s Nikkei 225 surged 0.83 per cent as a weaker yen bolstered the lure for exporter stocks.
17/08/2016 11:34
NIFTY Fut : Trend : BUY ZONE
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Tracking positive cues from fellow Asian peers, Indian equity benchmarks continued to trade in the positive territory during the late morning deals on Wednesday. Buying momentum was witnessed mainly in the metal and auto sector stocks.
At 11:09 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,115.85, up by 51.24 points or 0.18 per cent while the NSE Nifty was at 8,652, up by 9.45 points or 0.11 per cent.
However, caution prevailed as a US Fed official on Tuesday said that interest rates could be raised as soon as September, restricting further gains.
On the global front, Asian markets were trading in the green despite worries over a potential US Fed rate hike next month. China’s Shanghai Composite was up 0.05 per cent, Hong Kong’s Hang Seng rose 0.26 per cent and Japan’s Nikkei 225 surged 0.83 per cent as a weaker yen bolstered the lure for exporter stocks.
