Mid-Session: Sensex up over 220 pts; consumer durables, metal stocks lead:16/11/2016 12:33
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Trimming initial gains, Indian equity benchmarks continued to trade in the positive terrain during the noon trade on Wednesday supported by fresh buying mainly in the consumer durables and metal sector stocks.
At 12:10 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,527.41, up by 222.78 points or 0.85 per cent while the NSE Nifty was at 8,164.7, up by 56.25 points or 0.69 per cent.
Market sentiment got a boost on raising expectations of another interest rate cut in the near term as the retail or CPI inflation slipped to 14 month low of 4.20 per cent while wholesale inflation or WPI also down for the second consecutive month to 3.39 per cent in October.
Meanwhile, Voltas and Engineers India will reveal their September quarter earnings today.
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 933.50,+4.63%), Tata Consultancy Services Ltd. (Rs. 2200.70,+3.70%), Hero MotoCorp Ltd. (Rs. 2983.50,+2.85%), Infosys Ltd. (Rs. 949.75,+2.70%), Maruti Suzuki India Ltd. (Rs. 4971.80,+2.67%), among others.
Major show spoilers were Lupin Ltd. (Rs. 1411.10,-2.02%), Dr. Reddy's Laboratories Ltd. (Rs. 3243.25,-1.98%), GAIL (India) Ltd. (Rs. 431.20,-1.09%), Tata Steel Ltd. (Rs. 389.50,-1.03%), Cipla Ltd. (Rs. 547.10,-1.02%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,547 shares traded, 1,358 advanced while 1,050 shares declined and 139 remained unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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At 12:10 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,527.41, up by 222.78 points or 0.85 per cent while the NSE Nifty was at 8,164.7, up by 56.25 points or 0.69 per cent.
Market sentiment got a boost on raising expectations of another interest rate cut in the near term as the retail or CPI inflation slipped to 14 month low of 4.20 per cent while wholesale inflation or WPI also down for the second consecutive month to 3.39 per cent in October.
Meanwhile, Voltas and Engineers India will reveal their September quarter earnings today.
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 933.50,+4.63%), Tata Consultancy Services Ltd. (Rs. 2200.70,+3.70%), Hero MotoCorp Ltd. (Rs. 2983.50,+2.85%), Infosys Ltd. (Rs. 949.75,+2.70%), Maruti Suzuki India Ltd. (Rs. 4971.80,+2.67%), among others.
Major show spoilers were Lupin Ltd. (Rs. 1411.10,-2.02%), Dr. Reddy's Laboratories Ltd. (Rs. 3243.25,-1.98%), GAIL (India) Ltd. (Rs. 431.20,-1.09%), Tata Steel Ltd. (Rs. 389.50,-1.03%), Cipla Ltd. (Rs. 547.10,-1.02%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,547 shares traded, 1,358 advanced while 1,050 shares declined and 139 remained unchanged.
