Mid-Session: Markets hold early gains; APSEZ up over 3%
16/03/2017 12:36
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Tracking positive cues globally after the US Fed increase interest rates, Indian equity benchmarks continued to trade higher during the noon trading session on Thursday and amidst expectations of clearance of State GST and Union Territory GST bills in the GST Council meet later in the day.
At 12:03 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,515.93 up by 117.82 points or 0.4 per cent while the NSE Nifty was at 9,131.15 up by 46.35 points or 0.51 per cent.
GST Council already cleared the final drafts of Integrated GST (IGST) bill, Central GST (CGST) bill and Compensation bill.
Meanwhile, buying momentum was witnessed mainly in the metal and consumer durables sector stocks.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 321.50,+3.74%), Tata Steel Ltd. (Rs. 492.10,+2.83%), Asian Paints Ltd. (Rs. 1081.00,+1.61%), GAIL (India) Ltd. (Rs. 379.15,+1.17%), NTPC Ltd. (Rs. 160.50,+1.10%), among others.
Major show spoilers were Hero MotoCorp Ltd. (Rs. 3367.85,-0.92%), Bharti Airtel Ltd. (Rs. 360.50,-0.73%), ICICI Bank Ltd. (Rs. 283.45,-0.60%), State Bank of India (Rs. 276.45,-0.34%), Reliance Industries Ltd. (Rs. 1301.50,-0.22%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2771 shares traded, 1716 advanced while 897 shares declined and 158 remained unchanged.
On the global front, Asian markets were trading in the green after the US Fed lifted its rate by 25 bps, but said further increases would only be gradual. The move was spurred by steady economic growth, strong job gains and confidence that inflation is rising to it's target.
16/03/2017 12:36
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Tracking positive cues globally after the US Fed increase interest rates, Indian equity benchmarks continued to trade higher during the noon trading session on Thursday and amidst expectations of clearance of State GST and Union Territory GST bills in the GST Council meet later in the day.
At 12:03 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,515.93 up by 117.82 points or 0.4 per cent while the NSE Nifty was at 9,131.15 up by 46.35 points or 0.51 per cent.
GST Council already cleared the final drafts of Integrated GST (IGST) bill, Central GST (CGST) bill and Compensation bill.
Meanwhile, buying momentum was witnessed mainly in the metal and consumer durables sector stocks.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 321.50,+3.74%), Tata Steel Ltd. (Rs. 492.10,+2.83%), Asian Paints Ltd. (Rs. 1081.00,+1.61%), GAIL (India) Ltd. (Rs. 379.15,+1.17%), NTPC Ltd. (Rs. 160.50,+1.10%), among others.
Major show spoilers were Hero MotoCorp Ltd. (Rs. 3367.85,-0.92%), Bharti Airtel Ltd. (Rs. 360.50,-0.73%), ICICI Bank Ltd. (Rs. 283.45,-0.60%), State Bank of India (Rs. 276.45,-0.34%), Reliance Industries Ltd. (Rs. 1301.50,-0.22%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2771 shares traded, 1716 advanced while 897 shares declined and 158 remained unchanged.
On the global front, Asian markets were trading in the green after the US Fed lifted its rate by 25 bps, but said further increases would only be gradual. The move was spurred by steady economic growth, strong job gains and confidence that inflation is rising to it's target.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
