Sensex recaptures 28k-level on global rally; IIP, inflation data eyed 12/08/2016 10:30Am
NIFTY Fut : Trend : BUY ZONE
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Indian equity benchmarks continued to trade higher during the morning deals on Friday as participants turned optimistic ahead of the June IIP data and July inflation data due to be released later in the day.
At 10:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,118.66, up by 259.06 points or 0.93 per cent while the NSE Nifty was at 8,664.8, up by 72.65 points or 0.85 per cent.
Buying momentum was witnessed mainly in the capital goods and auto sector stocks.
Meanwhile, 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 Axis Bank Ltd. (Rs. 582.15,+2.47%), Tata Motors Ltd. (Rs. 514.40,+2.41%), Mahindra & Mahindra Ltd. (Rs. 1448.00,+1.92%), Larsen & Toubro Ltd. (Rs. 1500.00,+1.75%), Hero MotoCorp Ltd. (Rs. 3356.20,+1.59%), among others.
Major show spoilers were Dr. Reddy's Laboratories Ltd. (Rs. 2994.00,-0.62%), Bharti Airtel Ltd. (Rs. 345.00,-0.35%), Infosys Ltd. (Rs. 1076.40,-0.06%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 1,952 shares traded, 1,236 advanced while 628 shares declined and 88 remained unchanged.
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. China's Shanghai Composite Index edged up by 0.24 per cent while Japan's Nikkei was up 1.18 per cent and Hong Kong's Hang Seng gained 0.77 per cent in morning trade.
NIFTY Fut : Trend : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Indian equity benchmarks continued to trade higher during the morning deals on Friday as participants turned optimistic ahead of the June IIP data and July inflation data due to be released later in the day.
At 10:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,118.66, up by 259.06 points or 0.93 per cent while the NSE Nifty was at 8,664.8, up by 72.65 points or 0.85 per cent.
Buying momentum was witnessed mainly in the capital goods and auto sector stocks.
Meanwhile, 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 Axis Bank Ltd. (Rs. 582.15,+2.47%), Tata Motors Ltd. (Rs. 514.40,+2.41%), Mahindra & Mahindra Ltd. (Rs. 1448.00,+1.92%), Larsen & Toubro Ltd. (Rs. 1500.00,+1.75%), Hero MotoCorp Ltd. (Rs. 3356.20,+1.59%), among others.
Major show spoilers were Dr. Reddy's Laboratories Ltd. (Rs. 2994.00,-0.62%), Bharti Airtel Ltd. (Rs. 345.00,-0.35%), Infosys Ltd. (Rs. 1076.40,-0.06%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 1,952 shares traded, 1,236 advanced while 628 shares declined and 88 remained unchanged.
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. China's Shanghai Composite Index edged up by 0.24 per cent while Japan's Nikkei was up 1.18 per cent and Hong Kong's Hang Seng gained 0.77 per cent in morning trade.
