Sensex up 104 points; realty, auto lead 02/09/2016 14:32

Sensex up 104 points; realty, auto lead
02/09/2016 14:32

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE




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The key domestic benchmark indices continued to trade firm during the late noon trading session supported by buying interest in index heavyweights including Adani Ports, Bharti Airtel, Maruti and Lupin among others.

At 14:20 hours, the 30-share benchmark index was trading at 28527.49 up by 104.01 points or by 0.37 % and then NSE Nifty was at 8798 up by 23.35 points or by 0.27 %.

Sentiments remained upbeat with the report that Odisha became the 16th state to ratify the constitutional amendment bill passed by Parliament to introduce the goods and services tax (GST), helping cross the important threshold of more than half the number of states needed for the proposed law to be sent for presidential assent. Auto stocks remained upbeat amid robust sales in August.

However, traders remained a bit cautious too ahead of US non-farm payrolls data, which will be released later today.

Among the sectors, realty and auto indices were the major gainers, rising 1.18 per cent and 0.9 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2876 , shares advanced were 1503 while 1189 shares declined and 184 were unchanged.