Sensex soars over 327 pts on global rebound
16/09/2016 11:34
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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At 11:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,740.03, up by 327.14 points or 1.15 per cent while the NSE Nifty was at 8,838.5, up by 95.95 points or 1.1 per cent.
Meanwhile, the Bank of England on Thursday kept policy unchanged but signaled the scope of a further rate cut in November, while the US Federal Reserve will meet next week on Sept. 20-21 to decide whether to hike interest rates or not, on the other hand the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain.
Buying momentum was witnessed mainly in the banking and auto sector stocks.
On the global front, Asian markets were trading in the green as worries over a September Fed rate hike eased. While, in China, Hong Kong, Malaysia, South Korea and Taiwan are closed today for public holidays, Japan's Nikkei rose nearly Japan's Nikkei rose 0.39 per cent per cent.
16/09/2016 11:34
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks continued to trade higher during the late morning deals on Friday led by sustained foreign fund inflows and increased buying by retail investors, tracking positive global cues as disappointing US industrial output and retail sales data pared back expectations of a US Fed interest rate hike next week.At 11:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,740.03, up by 327.14 points or 1.15 per cent while the NSE Nifty was at 8,838.5, up by 95.95 points or 1.1 per cent.
Meanwhile, the Bank of England on Thursday kept policy unchanged but signaled the scope of a further rate cut in November, while the US Federal Reserve will meet next week on Sept. 20-21 to decide whether to hike interest rates or not, on the other hand the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain.
Buying momentum was witnessed mainly in the banking and auto sector stocks.
On the global front, Asian markets were trading in the green as worries over a September Fed rate hike eased. While, in China, Hong Kong, Malaysia, South Korea and Taiwan are closed today for public holidays, Japan's Nikkei rose nearly Japan's Nikkei rose 0.39 per cent per cent.
