Mid-Session: Sensex, Nifty extend gain on firm global cues; IT, Teck stocks surge : 25/11/2016 12:27
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks extended day’s gain in late morning deal on the first day of the December Futures & Options (F&O) contract series, led by strong rally across IT, Teck and metal stocks, tracking a mostly bullish trend across markets in Asia amid optimism that the US economy is strong enough to withstand higher interest rates, bolstering risk raking appetite.
At 12:18 hours, the 30-share benchmark index was trading at 26146.42, up by 286.25 points or by 1.11 per cent, and the NSE Nifty was at 8062.3, up by 96.8 points or by 1.22 per cent.
In the day’s trade so-far, Sensex touched an intraday high of 26152.84 and intraday low of 25874.45, while the NSE Nifty touched intraday high of 8065.85 and intraday low of 7976.75.
Shares of Information Technologies companies were trading higher over 4 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry.
Metal companies also continued their gaining streak for the second day on Friday and rose over 2 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Hindalco Industries, Hindustan Zinc and National Aluminium Company (Nalco) hitting their respective 52-week high on the bourses.
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 975.90,+4.63%), Tata Consultancy Services Ltd. (Rs. 2282.00,+4.37%), Wipro Ltd. (Rs. 465.20,+3.16%), GAIL (India) Ltd. (Rs. 415.70,+3.07%), Tata Steel Ltd. (Rs. 409.45,+2.81%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2611.10,-0.81%), ICICI Bank Ltd. (Rs. 257.75,-0.73%), Larsen & Toubro Ltd. (Rs. 1343.25,-0.69%), State Bank of India (Rs. 260.45,-0.48%), Bharti Airtel Ltd. (Rs. 300.30,-0.40%), were among top losers on the BSE.
On the sectoral front, IT and Teck stocks emerged as top gainers, adding as much as 4.24 per cent and 3.54 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2548, shares advanced were 1855 while 542 shares declined and 151 were unchanged.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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At 12:18 hours, the 30-share benchmark index was trading at 26146.42, up by 286.25 points or by 1.11 per cent, and the NSE Nifty was at 8062.3, up by 96.8 points or by 1.22 per cent.
In the day’s trade so-far, Sensex touched an intraday high of 26152.84 and intraday low of 25874.45, while the NSE Nifty touched intraday high of 8065.85 and intraday low of 7976.75.
Shares of Information Technologies companies were trading higher over 4 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry.
Metal companies also continued their gaining streak for the second day on Friday and rose over 2 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Hindalco Industries, Hindustan Zinc and National Aluminium Company (Nalco) hitting their respective 52-week high on the bourses.
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 975.90,+4.63%), Tata Consultancy Services Ltd. (Rs. 2282.00,+4.37%), Wipro Ltd. (Rs. 465.20,+3.16%), GAIL (India) Ltd. (Rs. 415.70,+3.07%), Tata Steel Ltd. (Rs. 409.45,+2.81%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2611.10,-0.81%), ICICI Bank Ltd. (Rs. 257.75,-0.73%), Larsen & Toubro Ltd. (Rs. 1343.25,-0.69%), State Bank of India (Rs. 260.45,-0.48%), Bharti Airtel Ltd. (Rs. 300.30,-0.40%), were among top losers on the BSE.
On the sectoral front, IT and Teck stocks emerged as top gainers, adding as much as 4.24 per cent and 3.54 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2548, shares advanced were 1855 while 542 shares declined and 151 were unchanged.
