Sensex surges 167 pts on global cues; Nifty breaches 8,650 18/08/2016 11:36

Sensex surges 167 pts on global cues; Nifty breaches 8,650
18/08/2016 11:36
NIFTY Fut : Trend : BUY ZONE

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The Indian equities continued to trade higher in late morning deal on Thursday tracking a rally across most Asian stocks and a bullish finish at Wall Street overnight as FOMC minutes signaled that interest rates in the world’s biggest economy could stay low in the near-term, bolstering risk taking appetite.

At 11:20 PM, the Bombay Stock Exchange bellwether Sensex was at 28172.41, up by 167.04 points or by 0.6 per cent, and the NSE Nifty was at 8677.05, up by 53 points or by 0.61 per cent.

In the bullish trade so far, the BSE Sensex touched intraday high of 28214.17 and intraday low of 28077, while the NSE Nifty touched intraday high of 8690.7 and intraday low of 8645.05.

On the sectoral front, bankex and power stocks were among top gainers on BSE, rising as much as 1.29 per cent and 1.17 per cent respectively.