Mid-Session: Sensex up 80 pts on strong macro data, GST hopes
02/08/2016 12:20
12.20 Pm - Nifty Fut : SELL Zone
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The Indian equities continued to trade higher in late morning deal on Tuesday as investors were buoyed by strong macro data coupled with rising optimism over passage of GST bill in the Rajya Sabha. India’s manufacturing activities gathered pace in July and rose to four-month high to 51.8 points against 51.7 in the previous month, on high demand from both domestic and external markets. Another data showed that India’s eight core sectors rose 5.2 per cent in June from a five-month low of 2.8 per cent in May.
Sensex was at 28083.02, up by 79.9 points or by 0.29 per cent
NSE Nifty was at 8660.65, up by 24.1 points or by 0.28 per cent.
Dalal Street was also supported by hopes of the passage of the long pending GST bill in the Parliament, paving way for the country’s biggest fiscal reform yet. The Modi government on Monday listed the GST bill for consideration and passage in Rajya Sabha on Wednesday, with the Congress and other political parties likely to support the bill.
After making a strong debut, Advanced Enzyme Technologies continued their gaining momentum on Tuesday and rallied nearly 10 per cent as Reliance Mutual Fund bought shares of the firm through the open market on debut.
On the sectoral front, FMCG and auto stocks were among top gainers on BSE, rising as much as 1.97 per cent and 0.57 per cent respectively.
02/08/2016 12:20
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The Indian equities continued to trade higher in late morning deal on Tuesday as investors were buoyed by strong macro data coupled with rising optimism over passage of GST bill in the Rajya Sabha. India’s manufacturing activities gathered pace in July and rose to four-month high to 51.8 points against 51.7 in the previous month, on high demand from both domestic and external markets. Another data showed that India’s eight core sectors rose 5.2 per cent in June from a five-month low of 2.8 per cent in May.
Sensex was at 28083.02, up by 79.9 points or by 0.29 per cent
NSE Nifty was at 8660.65, up by 24.1 points or by 0.28 per cent.
Dalal Street was also supported by hopes of the passage of the long pending GST bill in the Parliament, paving way for the country’s biggest fiscal reform yet. The Modi government on Monday listed the GST bill for consideration and passage in Rajya Sabha on Wednesday, with the Congress and other political parties likely to support the bill.
After making a strong debut, Advanced Enzyme Technologies continued their gaining momentum on Tuesday and rallied nearly 10 per cent as Reliance Mutual Fund bought shares of the firm through the open market on debut.
On the sectoral front, FMCG and auto stocks were among top gainers on BSE, rising as much as 1.97 per cent and 0.57 per cent respectively.
