Sensex soars over 311 pts; Nifty above 8,600-mark 18/10/2016 13:34
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Indian equity benchmarks were trading near their day’s high during the afternoon session on Tuesday led by continued buying by foreign funds and retail investors amid firm cues from fellow Asian peers as mixed US economic data eased fears over an imminent US Fed’s interest rate hike. Further, slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets.
At 1:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,841.3, up by 311.33 points or 1.13 per cent while the NSE Nifty was at 8,604.7, up by 84.3 points or 0.99 per cent.
Meanwhile, buying momentum was witnessed mainly in the realty and metal sector stocks.
Participants keenly awaited the September quarter earnings of Havells India and Mastek which will be unveiled today.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 259.50,+3.43%), ICICI Bank Ltd. (Rs. 265.90,+2.84%), Housing Development Finance Corporation Ltd. (Rs. 1339.00,+2.84%), Tata Steel Ltd. (Rs. 421.80,+2.70%), Bajaj Auto Ltd. (Rs. 2798.15,+1.59%), among others.
Major show spoilers were Asian Paints Ltd. (Rs. 1176.25,-0.56%), Oil And Natural Gas Corporation Ltd. (Rs. 277.20,-0.45%), Maruti Suzuki India Ltd. (Rs. 5599.00,-0.02%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2901 shares traded, 1874 advanced while 835 shares declined and 192 remained unchanged.
On the global front, Asian markets were green on expectations that the US monetary policy will continue to remain accommodative.
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Indian equity benchmarks were trading near their day’s high during the afternoon session on Tuesday led by continued buying by foreign funds and retail investors amid firm cues from fellow Asian peers as mixed US economic data eased fears over an imminent US Fed’s interest rate hike. Further, slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets.
At 1:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,841.3, up by 311.33 points or 1.13 per cent while the NSE Nifty was at 8,604.7, up by 84.3 points or 0.99 per cent.
Meanwhile, buying momentum was witnessed mainly in the realty and metal sector stocks.
Participants keenly awaited the September quarter earnings of Havells India and Mastek which will be unveiled today.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 259.50,+3.43%), ICICI Bank Ltd. (Rs. 265.90,+2.84%), Housing Development Finance Corporation Ltd. (Rs. 1339.00,+2.84%), Tata Steel Ltd. (Rs. 421.80,+2.70%), Bajaj Auto Ltd. (Rs. 2798.15,+1.59%), among others.
Major show spoilers were Asian Paints Ltd. (Rs. 1176.25,-0.56%), Oil And Natural Gas Corporation Ltd. (Rs. 277.20,-0.45%), Maruti Suzuki India Ltd. (Rs. 5599.00,-0.02%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2901 shares traded, 1874 advanced while 835 shares declined and 192 remained unchanged.
On the global front, Asian markets were green on expectations that the US monetary policy will continue to remain accommodative.
