Mid-Session: Sensex trades flat in volatile session; broader markets outperform
19/08/2016 12:27
NIFTY Fut : Trend : SELL ZONE
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The Indian equities edged higher in lackluster trade on Friday helped by gains in broader market with MidCap and SmallCap indices, which rose 0.7 per cent and 0.6 per cent, tracking a muted trend across markets. Renewed fears over a US interest rate hike in the near-term after comments from a top Fed official who backed the case for a rate hike soon, also curbed risk taking appetite.
At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 28136.89, up by 13.45 points or by 0.05 per cent, and the NSE Nifty was at 8683.65, up by 10.4 points or by 0.12 per cent.
Shares of State Bank of India, country’s largest commercial lender, jumped over 3 per cent on the Bombay Stock Exchange after the SBI board approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff, reported PTI.
On the sectoral front, metal and consumer durables stocks were among top gainers on BSE, rising as much as 0.8 per cent and 0.74 per cent respectively.
19/08/2016 12:27
NIFTY Fut : Trend : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The Indian equities edged higher in lackluster trade on Friday helped by gains in broader market with MidCap and SmallCap indices, which rose 0.7 per cent and 0.6 per cent, tracking a muted trend across markets. Renewed fears over a US interest rate hike in the near-term after comments from a top Fed official who backed the case for a rate hike soon, also curbed risk taking appetite.
At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 28136.89, up by 13.45 points or by 0.05 per cent, and the NSE Nifty was at 8683.65, up by 10.4 points or by 0.12 per cent.
Shares of State Bank of India, country’s largest commercial lender, jumped over 3 per cent on the Bombay Stock Exchange after the SBI board approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff, reported PTI.
On the sectoral front, metal and consumer durables stocks were among top gainers on BSE, rising as much as 0.8 per cent and 0.74 per cent respectively.
