Mid-Session: Sensex surges 248 pts on value buying; metal and auto stocks up 1%
12/08/2016 12:23
NIFTY Fut : Trend : BUY ZONE
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The Indian equities continued to trade higher in late morning deal on Friday tracking a rally across markets in Asia and a record finish at Wall Street overnight, but caution ahead of key economic data may weigh on risk taking appetite at Dalal Street. Gains in index heavyweights such as Tata Motors, Axis Bank, Reliance Industries, Tata Steel and HDFC also boosted market sentiment.
At 12:05 PM, the Bombay Stock Exchange bellwether Sensex was at 28107.98, up by 248.38 points or by 0.89 per cent, and the NSE Nifty was at 8653.5, up by 61.35 points or by 0.71 per cent.
However, caution prevailed ahead of Friday’s industrial output data for June, and July consumer inflation numbers, which will offer further cues over the health of Asia’s third biggest economy, may keep gains at local bourses in check.
On the corporate front, shares of Aditya Birla Nuvo nosedived nearly 25 per cent on the Bombay Stock Exchange after the board of company approved a composite scheme of merger with Grasim Industries.
S P Apparels made a strong debut on bourses on Friday and got listed at a 14 per cent premium against its issue price of Rs 268 per share.
On the sectoral front, metal and auto stocks were among top gainers on BSE, rising as much as 1.35 per cent and 1.01 per cent respectively.
12/08/2016 12:23
NIFTY Fut : Trend : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The Indian equities continued to trade higher in late morning deal on Friday tracking a rally across markets in Asia and a record finish at Wall Street overnight, but caution ahead of key economic data may weigh on risk taking appetite at Dalal Street. Gains in index heavyweights such as Tata Motors, Axis Bank, Reliance Industries, Tata Steel and HDFC also boosted market sentiment.
At 12:05 PM, the Bombay Stock Exchange bellwether Sensex was at 28107.98, up by 248.38 points or by 0.89 per cent, and the NSE Nifty was at 8653.5, up by 61.35 points or by 0.71 per cent.
However, caution prevailed ahead of Friday’s industrial output data for June, and July consumer inflation numbers, which will offer further cues over the health of Asia’s third biggest economy, may keep gains at local bourses in check.
On the corporate front, shares of Aditya Birla Nuvo nosedived nearly 25 per cent on the Bombay Stock Exchange after the board of company approved a composite scheme of merger with Grasim Industries.
S P Apparels made a strong debut on bourses on Friday and got listed at a 14 per cent premium against its issue price of Rs 268 per share.
On the sectoral front, metal and auto stocks were among top gainers on BSE, rising as much as 1.35 per cent and 1.01 per cent respectively.
