Mid-Session: Sensex up 133 pts, Nifty above 10,000; metal, CGS stocks shine
31/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities extended rally in late morning deal on Monday as investors sentiment were buoyed amid speculation that ease in WPI and retail inflation in June, may put pressure on the Reserve Bank of India to cut interest rate in August. On the sectoral front, metal and capital goods stocks were among top gainers on BSE, rising as much as 1.5 per cent each. Larsen & Toubro surged as much as 4 per cent after the India’s leading business conglomerate reported a 46 per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 893 crore for the first quarter ended June 2017.
At 12:12 hours, the 30-share benchmark index was trading at 32442.9, up by 133.02 points or by 0.41 per cent, and the NSE Nifty was at 10042.5, up by 28 points or by 0.28 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32458.03 and intraday low of 32324.45, while the NSE Nifty touched intraday high of 10049.45 and intraday low of 10016.95.
The Indian Rupee was also trading higher against the US dollar by 07 paise at 64.32 on Monday amid heavy dollar selling by banks and exporters, while sustained foreign fund inflows also boosted home currency.
Dena Bank tumbled 5 per cent after the state-controlled lender reported net loss of Rs 132.65 crore for the quarter ended June 30, 2017.
JBF Industries nosedived over 11 per cent after the rating agencies downgraded the rating of the company to “D” due to delays in servicing debt obligations.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 312.05,+4.29%), Tata Steel Ltd. (Rs. 567.90,+2.96%), Larsen & Toubro Ltd. (Rs. 1191.35,+2.78%), ICICI Bank Ltd. (Rs. 303.50,+2.53%), Oil And Natural Gas Corporation Ltd. (Rs. 168.20,+2.13%), among others.
On the flip side, Dr. Reddy's Laboratories Ltd. (Rs. 2392.80,-2.81%), Sun Pharmaceutical Industries Ltd. (Rs. 536.70,-2.56%), Lupin Ltd. (Rs. 1040.50,-2.10%), Housing Development Finance Corporation Ltd. (Rs. 1753.10,-1.72%), ITC Ltd. (Rs. 287.90,-1.15%), were among top losers on BSE.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2630, shares advanced were 1346 while 1130 shares declined and 154 were unchanged.
31/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities extended rally in late morning deal on Monday as investors sentiment were buoyed amid speculation that ease in WPI and retail inflation in June, may put pressure on the Reserve Bank of India to cut interest rate in August. On the sectoral front, metal and capital goods stocks were among top gainers on BSE, rising as much as 1.5 per cent each. Larsen & Toubro surged as much as 4 per cent after the India’s leading business conglomerate reported a 46 per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 893 crore for the first quarter ended June 2017.
At 12:12 hours, the 30-share benchmark index was trading at 32442.9, up by 133.02 points or by 0.41 per cent, and the NSE Nifty was at 10042.5, up by 28 points or by 0.28 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32458.03 and intraday low of 32324.45, while the NSE Nifty touched intraday high of 10049.45 and intraday low of 10016.95.
The Indian Rupee was also trading higher against the US dollar by 07 paise at 64.32 on Monday amid heavy dollar selling by banks and exporters, while sustained foreign fund inflows also boosted home currency.
Dena Bank tumbled 5 per cent after the state-controlled lender reported net loss of Rs 132.65 crore for the quarter ended June 30, 2017.
JBF Industries nosedived over 11 per cent after the rating agencies downgraded the rating of the company to “D” due to delays in servicing debt obligations.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 312.05,+4.29%), Tata Steel Ltd. (Rs. 567.90,+2.96%), Larsen & Toubro Ltd. (Rs. 1191.35,+2.78%), ICICI Bank Ltd. (Rs. 303.50,+2.53%), Oil And Natural Gas Corporation Ltd. (Rs. 168.20,+2.13%), among others.
On the flip side, Dr. Reddy's Laboratories Ltd. (Rs. 2392.80,-2.81%), Sun Pharmaceutical Industries Ltd. (Rs. 536.70,-2.56%), Lupin Ltd. (Rs. 1040.50,-2.10%), Housing Development Finance Corporation Ltd. (Rs. 1753.10,-1.72%), ITC Ltd. (Rs. 287.90,-1.15%), were among top losers on BSE.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2630, shares advanced were 1346 while 1130 shares declined and 154 were unchanged.
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