Post Session: Sensex ends 108 pts higher; Nifty settles above 8,800 02/09/2016 16:18


Post Session: Sensex ends 108 pts higher; Nifty settles above 8,800
02/09/2016 16:18

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE


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The Indian equities ended tad higher on Friday helped by gains in rate sensitive realty and auto stocks coupled with buying across midcap and smallcap indices. Further gains in index heavyweights such as HDFC, Maruti Suzuki, Sun Pharma, ITC and Tata Motors also boosted market sentiment. However, the investors remained wary ahead of Friday’s US jobs data which may offer more clues over whether the US Federal Reserve raises interest rates in the near-term.

The BSE SENSEX closed at 28532.11, up by 108.63 points or by 0.38 per cent, and the NSE Nifty ended at 8809.65, up by 35 points or by 0.4 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28581.58 and intraday low of 28427.63, while the NSE Nifty touched intraday high of 8824.10 and intraday low of 8768.20.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 268.15,+3.55%), Bharti Airtel Ltd. (Rs. 318.95,+2.66%), Maruti Suzuki India Ltd. (Rs. 5158.50,+1.98%), Sun Pharmaceutical Industries Ltd. (Rs. 782.10,+1.50%), Mahindra & Mahindra Ltd. (Rs. 1468.85,+1.17%), among others.

Meanwhile, Coal India Ltd. (Rs. 332.50,-1.64%), Reliance Industries Ltd. (Rs. 1012.85,-1.58%), Hindustan Unilever Ltd. (Rs. 919.85,-0.73%), Infosys Ltd. (Rs. 1031.05,-0.64%), Power Grid Corporation of India Ltd. (Rs. 183.15,-0.49%), were top losers on BSE.

On the sectoral front, rate sensitive auto and realty stocks emerged as top gainers on BSE, adding as much as 1.01 per cent and 0.95 per cent respectively.

The market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3020, shares advanced were 1598 while 1243 shares declined and 179 were unchanged.

On the global front, the Asian shares ended mostly higher as investors maintained fresh position ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. China’s Shanghai Composite and Hang Seng ended modestly hgher while Japan’s Nikkei 225 ended lower little changed.