Mid Session: Markets trade in narrow range; auto stocks lead 04/08/2016 12:39Pm
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12.49 Pm - Nifty Fut : SELL Zone
Indian equity benchmarks traded in a narrow range during the noon session on Thursday with auto and realty stocks gaining the most as the sectors are likely to benefit after the passage of historic GST bill in the Rajya Sabha on Wednesday and amidst positive cues from fellow Asian peers.
At 12:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,745.86, up by 48.35 points or 0.17 per cent while the NSE Nifty was at 8,564.4, up by 19.55 points or 0.23 per cent.
The much awaited GST bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment. The bill is likely to transform India into a single market by abolishing multiple taxes. However, the implementation of the bill will take a few quarters.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 498.00,+3.93%), Tata Steel Ltd. (Rs. 368.50,+3.05%), Adani Ports & Special Economic Zone Ltd. (Rs. 229.20,+2.64%), Sun Pharmaceutical Industries Ltd. (Rs. 853.80,+1.84%), Hero MotoCorp Ltd. (Rs. 3294.45,+1.77%), among others.
Major show spoilers were ICICI Bank Ltd. (Rs. 239.85,-0.89%), Lupin Ltd. (Rs. 1666.25,-0.80%), Asian Paints Ltd. (Rs. 1134.25,-0.80%), Infosys Ltd. (Rs. 1078.50,-0.60%), ITC Ltd. (Rs. 251.45,-0.51%), among others.
On the global front, Asian markets were trading in the green as crude oil held onto its recovery and high-yielding currencies climbed. China’s Shanghai Composite was trading 0.04 per cent up, Hong Kong’s Hang Seng was trading 0.57 per cent higher and Japan’s Nikkei 225 ended 1.07 per cent higher.
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12.49 Pm - Nifty Fut : SELL Zone
Indian equity benchmarks traded in a narrow range during the noon session on Thursday with auto and realty stocks gaining the most as the sectors are likely to benefit after the passage of historic GST bill in the Rajya Sabha on Wednesday and amidst positive cues from fellow Asian peers.
At 12:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,745.86, up by 48.35 points or 0.17 per cent while the NSE Nifty was at 8,564.4, up by 19.55 points or 0.23 per cent.
The much awaited GST bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment. The bill is likely to transform India into a single market by abolishing multiple taxes. However, the implementation of the bill will take a few quarters.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 498.00,+3.93%), Tata Steel Ltd. (Rs. 368.50,+3.05%), Adani Ports & Special Economic Zone Ltd. (Rs. 229.20,+2.64%), Sun Pharmaceutical Industries Ltd. (Rs. 853.80,+1.84%), Hero MotoCorp Ltd. (Rs. 3294.45,+1.77%), among others.
Major show spoilers were ICICI Bank Ltd. (Rs. 239.85,-0.89%), Lupin Ltd. (Rs. 1666.25,-0.80%), Asian Paints Ltd. (Rs. 1134.25,-0.80%), Infosys Ltd. (Rs. 1078.50,-0.60%), ITC Ltd. (Rs. 251.45,-0.51%), among others.
On the global front, Asian markets were trading in the green as crude oil held onto its recovery and high-yielding currencies climbed. China’s Shanghai Composite was trading 0.04 per cent up, Hong Kong’s Hang Seng was trading 0.57 per cent higher and Japan’s Nikkei 225 ended 1.07 per cent higher.
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