Post Session: Bull-run continues at D-St; Sensex settles 104 pts higher on global cues
08/08/2016 16:16
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04.16 Pm - Nifty Fut : Buy Zone
The Indian equity benchmarks ended tad higher for the third consecutive session on Monday, led by gains in the index heavyweights such as ITC, ICICI Bank, Hero MotoCorp, HDFC, and RIL, tracking a positive cues from the Asian markets as strong US jobs data signaled a pickup in the recovery in the world’s biggest economy, bolstering risk taking appetite. The market also awaited the RBI’s policy meeting, the last leg of corporate earnings, macro-economic data and the progress of monsoon rains.
The 30-share BSE SENSEX closed at 28182.57, up by 104.22 points or by 0.37 per cent, and the NSE Nifty ended at 8711.35, up by 28.2 points or by 0.32 per cent.
Broader markets also witnessed surge in buying in line with the benchmark indices with Midcap and Smallcap indices gained between 0.77 and 1 per cent respectively. The RBI on Tuesday may maintain status quo on interest rates as a pickup in inflation in the past three months amid a jump in food prices leaves little room for further monetary easing. The government has notified an annual inflation target of 4 per cent with a range of plus/minus 2 per cent, for the next five years, for Asia’s third biggest economy.
Shares of Hero MotoCorp settled at record high on the Bombay Stock Exchange after the auto major reported 18.13 per cent jump in standalone net profit to Rs 883.10 crore for the first quarter ended on June 30, 2016-17.
HPCL shares jumped over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the RBI allowed foreign investors to hike their stake in the company to up to 40 per cent under portfolio investment scheme.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 240.40,+2.80%), Housing Development Finance Corporation Ltd. (Rs. 1363.30,+1.70%), Reliance Industries Ltd. (Rs. 1029.65,+1.49%), Dr. Reddy's Laboratories Ltd. (Rs. 3035.15,+1.11%), Lupin Ltd. (Rs. 1692.75,+1.09%), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 351.90,-3.11%), NTPC Ltd. (Rs. 159.10,-1.36%), Sun Pharmaceutical Industries Ltd. (Rs. 832.90,-1.12%), ITC Ltd. (Rs. 250.00,-0.58%), Tata Motors Ltd. (Rs. 513.95,-0.46%), were among top losers on BSE.
On the sectoral front, oil & gas and power stocks were among top gainers on BSE, adding as much as 1.54 per cent and 0.92 per cent, respectively.
On the global front, all the Asian shares ended on robust note tracking a record finish at Wall Street on Friday as better-than-expected US jobs data signaled a strengthening US economic recovery. China’s Shanghai Composite ended with modest gain, while Hang Seng surged by over 1 per cent and Japan’s Nikkei 225 rallied over 2 per cent as a weaker yen bolstered the lure for exporter stocks.
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08/08/2016 16:16
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tip : Join Our Whatsapp No : 9841986753
04.16 Pm - Nifty Fut : Buy Zone
The Indian equity benchmarks ended tad higher for the third consecutive session on Monday, led by gains in the index heavyweights such as ITC, ICICI Bank, Hero MotoCorp, HDFC, and RIL, tracking a positive cues from the Asian markets as strong US jobs data signaled a pickup in the recovery in the world’s biggest economy, bolstering risk taking appetite. The market also awaited the RBI’s policy meeting, the last leg of corporate earnings, macro-economic data and the progress of monsoon rains.
The 30-share BSE SENSEX closed at 28182.57, up by 104.22 points or by 0.37 per cent, and the NSE Nifty ended at 8711.35, up by 28.2 points or by 0.32 per cent.
Broader markets also witnessed surge in buying in line with the benchmark indices with Midcap and Smallcap indices gained between 0.77 and 1 per cent respectively. The RBI on Tuesday may maintain status quo on interest rates as a pickup in inflation in the past three months amid a jump in food prices leaves little room for further monetary easing. The government has notified an annual inflation target of 4 per cent with a range of plus/minus 2 per cent, for the next five years, for Asia’s third biggest economy.
Shares of Hero MotoCorp settled at record high on the Bombay Stock Exchange after the auto major reported 18.13 per cent jump in standalone net profit to Rs 883.10 crore for the first quarter ended on June 30, 2016-17.
HPCL shares jumped over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the RBI allowed foreign investors to hike their stake in the company to up to 40 per cent under portfolio investment scheme.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 240.40,+2.80%), Housing Development Finance Corporation Ltd. (Rs. 1363.30,+1.70%), Reliance Industries Ltd. (Rs. 1029.65,+1.49%), Dr. Reddy's Laboratories Ltd. (Rs. 3035.15,+1.11%), Lupin Ltd. (Rs. 1692.75,+1.09%), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 351.90,-3.11%), NTPC Ltd. (Rs. 159.10,-1.36%), Sun Pharmaceutical Industries Ltd. (Rs. 832.90,-1.12%), ITC Ltd. (Rs. 250.00,-0.58%), Tata Motors Ltd. (Rs. 513.95,-0.46%), were among top losers on BSE.
On the sectoral front, oil & gas and power stocks were among top gainers on BSE, adding as much as 1.54 per cent and 0.92 per cent, respectively.
On the global front, all the Asian shares ended on robust note tracking a record finish at Wall Street on Friday as better-than-expected US jobs data signaled a strengthening US economic recovery. China’s Shanghai Composite ended with modest gain, while Hang Seng surged by over 1 per cent and Japan’s Nikkei 225 rallied over 2 per cent as a weaker yen bolstered the lure for exporter stocks.
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