Mid-Session: Sensex, Nifty hold gain ahead of RBI policy announcement; pharma, FMCG stocks support 07/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities continued to trade higher in late morning deal on Wednesday, albeit pared most of early gains, as investors resorted to profit booking ahead of outcome of the Reserve Bank of India's (RBI) monetary policy review meeting later today. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. At 12:20 hours, the 30-share barometer Sensex was at 31268.87, up by 78.31 points or by 0.25 per cent, and the NSE Nifty was at 9667.05, up by 29.9 points or by 0.31 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31346.99 and intraday low of 31229.25, while the NSE Nifty touched intraday high of 9678.55 and intraday low of 9648.
The broader market also witnessed surge in buying, with the BSE MIDCAP trading at 14809.87, up by 77.48 points or by 0.53 per cent, while the BSE SMLCAP was at 15434.15, up by 123.62 points or by 0.81 per cent. The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1441.05,+2.08%), GAIL (India) Ltd. (Rs. 404.75,+1.75%), Hindustan Unilever Ltd. (Rs. 1111.45,+1.71%), Sun Pharmaceutical Industries Ltd. (Rs. 512.85,+1.65%), ICICI Bank Ltd. (Rs. 323.25,+1.44%), among others.
On the flip side, Tata Consultancy Services Ltd. (Rs. 2650.00,-1.68%), Wipro Ltd. (Rs. 553.45,-1.28%), Tata Motors Ltd. (Rs. 456.10,-1.04%), Infosys Ltd. (Rs. 970.95,-0.87%), NTPC Ltd. (Rs. 157.15,-0.70%), were among the top losers on BSE. On the sectoral front, pharma and FMCG stocks emerged as top gainers, rising as much as 1.27 per cent and 1.07 per cent, respectively. The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2667 shares advanced were 1533 while 979 shares declined and 155 were unchanged.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities continued to trade higher in late morning deal on Wednesday, albeit pared most of early gains, as investors resorted to profit booking ahead of outcome of the Reserve Bank of India's (RBI) monetary policy review meeting later today. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. At 12:20 hours, the 30-share barometer Sensex was at 31268.87, up by 78.31 points or by 0.25 per cent, and the NSE Nifty was at 9667.05, up by 29.9 points or by 0.31 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31346.99 and intraday low of 31229.25, while the NSE Nifty touched intraday high of 9678.55 and intraday low of 9648.
The broader market also witnessed surge in buying, with the BSE MIDCAP trading at 14809.87, up by 77.48 points or by 0.53 per cent, while the BSE SMLCAP was at 15434.15, up by 123.62 points or by 0.81 per cent. The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1441.05,+2.08%), GAIL (India) Ltd. (Rs. 404.75,+1.75%), Hindustan Unilever Ltd. (Rs. 1111.45,+1.71%), Sun Pharmaceutical Industries Ltd. (Rs. 512.85,+1.65%), ICICI Bank Ltd. (Rs. 323.25,+1.44%), among others.
On the flip side, Tata Consultancy Services Ltd. (Rs. 2650.00,-1.68%), Wipro Ltd. (Rs. 553.45,-1.28%), Tata Motors Ltd. (Rs. 456.10,-1.04%), Infosys Ltd. (Rs. 970.95,-0.87%), NTPC Ltd. (Rs. 157.15,-0.70%), were among the top losers on BSE. On the sectoral front, pharma and FMCG stocks emerged as top gainers, rising as much as 1.27 per cent and 1.07 per cent, respectively. The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2667 shares advanced were 1533 while 979 shares declined and 155 were unchanged.
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