Sensex, Nifty open higher in morning trade; healthcare, auto stocks support 12/08/2016 09:28Am
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Tracking a rally across markets in Asia followed by overnight gains at Wall Street, Indian equity benchmarks opened higher in the morning session on Friday. Buying momentum was witnessed from retail investors and foreign funds mainly in the healthcare and auto sector stocks.
At 9:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27885.75, up by 26.15 points or 0.09 per cent while the NSE Nifty was at 8592.15, up by 16.85 points or 0.2 per cent.
Meanwhile, investors eyes will be on the June industrial output data and July consumer inflation numbers, to be released in after-market hours today.
Also, Central Bank of India, Cipla, Dena Bank, Hindalco Industries, Jet Airways, Bank of Maharashtra and Oriental Bank of Commerce will reveal their April-June quarter report cards.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 825.00,+1.99%), Wipro Ltd. (Rs. 553.00,+1.71%), Tata Motors Ltd. (Rs. 509.70,+1.47%), Housing Development Finance Corporation Ltd. (Rs. 1363.00,+1.06%), Mahindra & Mahindra Ltd. (Rs. 1429.90,+0.65%), among others.
Major show spoilers were ICICI Bank Ltd. (Rs. 240.00,-0.97%), Bharti Airtel Ltd. (Rs. 343.00,-0.92%), ITC Ltd. (Rs. 249.00,-0.86%), GAIL (India) Ltd. (Rs. 368.10,-0.82%), Power Grid Corporation of India Ltd. (Rs. 172.60,-0.80%), among others.
On the global front, Asian markets were trading in the green as traders shrugged off signs of a further slowdown in the Chinese economy with growth in industrial output, retail sales and urban fixed-asset investment, all coming in below estimates.
NIFTY Fut : Trend : BUY ZONE
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Tracking a rally across markets in Asia followed by overnight gains at Wall Street, Indian equity benchmarks opened higher in the morning session on Friday. Buying momentum was witnessed from retail investors and foreign funds mainly in the healthcare and auto sector stocks.
At 9:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27885.75, up by 26.15 points or 0.09 per cent while the NSE Nifty was at 8592.15, up by 16.85 points or 0.2 per cent.
Meanwhile, investors eyes will be on the June industrial output data and July consumer inflation numbers, to be released in after-market hours today.
Also, Central Bank of India, Cipla, Dena Bank, Hindalco Industries, Jet Airways, Bank of Maharashtra and Oriental Bank of Commerce will reveal their April-June quarter report cards.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 825.00,+1.99%), Wipro Ltd. (Rs. 553.00,+1.71%), Tata Motors Ltd. (Rs. 509.70,+1.47%), Housing Development Finance Corporation Ltd. (Rs. 1363.00,+1.06%), Mahindra & Mahindra Ltd. (Rs. 1429.90,+0.65%), among others.
Major show spoilers were ICICI Bank Ltd. (Rs. 240.00,-0.97%), Bharti Airtel Ltd. (Rs. 343.00,-0.92%), ITC Ltd. (Rs. 249.00,-0.86%), GAIL (India) Ltd. (Rs. 368.10,-0.82%), Power Grid Corporation of India Ltd. (Rs. 172.60,-0.80%), among others.
On the global front, Asian markets were trading in the green as traders shrugged off signs of a further slowdown in the Chinese economy with growth in industrial output, retail sales and urban fixed-asset investment, all coming in below estimates.
