Post Session: Sensex surges 363 pts to end above 28,000 on fund flows
05/08/2016 16:14
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tip : Join Our Whatsapp No : 9841986753
02.21 Pm - Nifty Fut : Buy Zone
The Indian equity benchmarks ended tad higher on Friday as investors engaged in broad-based buying amid sustained foreign fund inflows. Broader markets witnessed surge in buying in line with the benchmark indices with Midcap and Smallcap indices gained between 1.5 and 1.7 per cent respectively.
The 30-share BSE SENSEX closed at 28078.35, up by 363.98 points or by 1.31 per cent, and the NSE Nifty ended at 8683.15, up by 132.05 points or by 1.54 per cent.
Traders across the globe eye the crucial July US jobs data which will signal the health of the labour market recovery in the world’s biggest economy and may offer some clues over the timing of the next US Fed interest rate hike.
We are expecting a 180K addition to US non-farm payrolls in July after a 287,000 increase in June. Solid jobs numbers may bolster the case for a rate hike in 2016. US stocks ended little changed on Thursday after traders weighed disappointing economic data as jobless claims rose 3,000 last week while factory orders fell 1.5 per cent in June.
In the bull-run trade today, the BSE Sensex touched intraday high of 28110.37 and intraday low of 27795.74, while the NSE Nifty touched intraday high of 8689.40 and intraday low of 8590.15.
The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3434.30,+5.02%), Bajaj Auto Ltd. (Rs. 2859.85,+4.38%), Axis Bank Ltd. (Rs. 565.45,+3.62%), State Bank of India (Rs. 232.80,+3.21%), Tata Motors Ltd. (Rs. 516.35,+3.21%), among others.
Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 842.35,-0.79%), Power Grid Corporation of India Ltd. (Rs. 176.60,-0.67%), Wipro Ltd. (Rs. 544.85,-0.65%), Bharti Airtel Ltd. (Rs. 363.20,-0.56%), Infosys Ltd. (Rs. 1067.40,-0.44%), were among top losers on BSE.
On the sectoral front, auto and oil & gas stocks emerged as top gainers, adding as much as 3.14 per cent and 2.74 per cent, respectively.
On the global front, the Asian shares ended mixed after the Bank of England cut interest rates to a record low and expanded asset purchases to help cushion Britain’s economy from the fallout of Brexit, bolstering risk taking appetite. Shanghai Composite ended tad lower, Hang Seng jumped over 1 per cent, while Nikkei 225 closed unchanged after the Bank of Japan boosted daily ETF purchases.
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
05/08/2016 16:14
Free Intraday Tip : Join Our Whatsapp No : 9841986753
02.21 Pm - Nifty Fut : Buy Zone
The Indian equity benchmarks ended tad higher on Friday as investors engaged in broad-based buying amid sustained foreign fund inflows. Broader markets witnessed surge in buying in line with the benchmark indices with Midcap and Smallcap indices gained between 1.5 and 1.7 per cent respectively.
The 30-share BSE SENSEX closed at 28078.35, up by 363.98 points or by 1.31 per cent, and the NSE Nifty ended at 8683.15, up by 132.05 points or by 1.54 per cent.
Traders across the globe eye the crucial July US jobs data which will signal the health of the labour market recovery in the world’s biggest economy and may offer some clues over the timing of the next US Fed interest rate hike.
We are expecting a 180K addition to US non-farm payrolls in July after a 287,000 increase in June. Solid jobs numbers may bolster the case for a rate hike in 2016. US stocks ended little changed on Thursday after traders weighed disappointing economic data as jobless claims rose 3,000 last week while factory orders fell 1.5 per cent in June.
In the bull-run trade today, the BSE Sensex touched intraday high of 28110.37 and intraday low of 27795.74, while the NSE Nifty touched intraday high of 8689.40 and intraday low of 8590.15.
The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3434.30,+5.02%), Bajaj Auto Ltd. (Rs. 2859.85,+4.38%), Axis Bank Ltd. (Rs. 565.45,+3.62%), State Bank of India (Rs. 232.80,+3.21%), Tata Motors Ltd. (Rs. 516.35,+3.21%), among others.
Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 842.35,-0.79%), Power Grid Corporation of India Ltd. (Rs. 176.60,-0.67%), Wipro Ltd. (Rs. 544.85,-0.65%), Bharti Airtel Ltd. (Rs. 363.20,-0.56%), Infosys Ltd. (Rs. 1067.40,-0.44%), were among top losers on BSE.
On the sectoral front, auto and oil & gas stocks emerged as top gainers, adding as much as 3.14 per cent and 2.74 per cent, respectively.
On the global front, the Asian shares ended mixed after the Bank of England cut interest rates to a record low and expanded asset purchases to help cushion Britain’s economy from the fallout of Brexit, bolstering risk taking appetite. Shanghai Composite ended tad lower, Hang Seng jumped over 1 per cent, while Nikkei 225 closed unchanged after the Bank of Japan boosted daily ETF purchases.
Free Indian Equity Tips ( Call - 9094047040)
Click Here & Register To Get 2 days Trial TipsJoin Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
