Post Session: Sensex zooms 520 pts to reclaims 28,000, Nifty settles above 8,650:18/10/2016 16:07
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The Indian equities ended on robust note on Tuesday as investors and speculators indulged in broad-based buying activity, tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite.
The 30-share BSE SENSEX closed at 28050.88, up by 520.91 points or by 1.89 per cent, and the NSE Nifty ended at 8677.9, up by 157.5 points or by 1.85 per cent.
Meanwhile, softening inflation has also opened the door for further policy easing by the RBI in the coming months while a rebound in exports in September also augurs well for Asia’s third biggest economy.
The Indian rupee also strengthened against greenback as banks and exporters stepped up selling of the dollar tracking firm cues from domestic stock market.
During the day’s trade, the BSE Sensex touched intraday high of 28064.39 and intraday low of 27652.76, while the NSE Nifty touched intraday high of 8685.1 and intraday low of 8555.9.
he top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 266.70,+6.30%), ICICI Bank Ltd. (Rs. 270.40,+4.58%), Housing Development Finance Corporation Ltd. (Rs. 1351.80,+3.82%), Tata Steel Ltd. (Rs. 424.90,+3.46%), Larsen & Toubro Ltd. (Rs. 1488.50,+2.85%), among others.
On the sectoral front, all the indices ended in positive terrain while bank and capital goods stocks emerged as top gainers on BSE, adding as much as 2.37 per cent and 2.07 per cent respectively.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3219, shares advanced were 2002 while 988 shares declined and 229 were unchanged.
On the global front, Asian stocks ended higher as hopes that US monetary policy will continue to remain accommodative boosted market sentiments.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities ended on robust note on Tuesday as investors and speculators indulged in broad-based buying activity, tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite.
The 30-share BSE SENSEX closed at 28050.88, up by 520.91 points or by 1.89 per cent, and the NSE Nifty ended at 8677.9, up by 157.5 points or by 1.85 per cent.
Meanwhile, softening inflation has also opened the door for further policy easing by the RBI in the coming months while a rebound in exports in September also augurs well for Asia’s third biggest economy.
The Indian rupee also strengthened against greenback as banks and exporters stepped up selling of the dollar tracking firm cues from domestic stock market.
During the day’s trade, the BSE Sensex touched intraday high of 28064.39 and intraday low of 27652.76, while the NSE Nifty touched intraday high of 8685.1 and intraday low of 8555.9.
he top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 266.70,+6.30%), ICICI Bank Ltd. (Rs. 270.40,+4.58%), Housing Development Finance Corporation Ltd. (Rs. 1351.80,+3.82%), Tata Steel Ltd. (Rs. 424.90,+3.46%), Larsen & Toubro Ltd. (Rs. 1488.50,+2.85%), among others.
On the sectoral front, all the indices ended in positive terrain while bank and capital goods stocks emerged as top gainers on BSE, adding as much as 2.37 per cent and 2.07 per cent respectively.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3219, shares advanced were 2002 while 988 shares declined and 229 were unchanged.
On the global front, Asian stocks ended higher as hopes that US monetary policy will continue to remain accommodative boosted market sentiments.
