Sensex up 26 pts; PSU, oil & gas stocks support : 24/10/2016 11:39
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Tracking positive cues from fellow Asian peers, Indian equity benchmarks continued to trade in the green during the late morning deals on Monday led by fresh buying by investors and funds.
At 11:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28103.25, up by 26.07 points or 0.09 per cent while the NSE Nifty was at 8700.65, up by 7.6 points or 0.09 per cent.
Buying momentum was witnessed mainly in the public sector undertaking and oil & gas sector stocks.
Meanwhile, traders awaited the September quarter report cards of Adani Power, Axis Bank, Idea Cellular, Reliance Capital, Asian Paints, Bharti Airtel, Dr Reddy's, HDFC Bank, HDFC, Hero MotoCorp, HUL, ITC, IOC, Maruti Suzuki India and ONGC which will be unveiled this week.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 283.95,+2.25%), Adani Ports & Special Economic Zone Ltd. (Rs. 292.10,+2.22%), State Bank of India (Rs. 263.25,+1.88%), Tata Motors Ltd. (Rs. 551.30,+1.24%), GAIL (India) Ltd. (Rs. 445.45,+1.14%), among others.
Major show spoilers were Wipro Ltd. (Rs. 480.95,-3.66%), Asian Paints Ltd. (Rs. 1136.05,-1.51%), Axis Bank Ltd. (Rs. 520.25,-1.21%), Bharti Airtel Ltd. (Rs. 306.10,-1.07%), Tata Consultancy Services Ltd. (Rs. 2408.95,-0.81%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2659 shares traded, 1578 advanced while 896 shares declined and 185 remained unchanged.
On the global front, Asian markets were trading in the green with China’s Shanghai Composite rose 1.15 per cent, Hong Kong’s Hang Seng was up 0.35 per cent and Japan’s Nikkei 225 was trading 0.26 per cent higher.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Tracking positive cues from fellow Asian peers, Indian equity benchmarks continued to trade in the green during the late morning deals on Monday led by fresh buying by investors and funds.
At 11:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28103.25, up by 26.07 points or 0.09 per cent while the NSE Nifty was at 8700.65, up by 7.6 points or 0.09 per cent.
Buying momentum was witnessed mainly in the public sector undertaking and oil & gas sector stocks.
Meanwhile, traders awaited the September quarter report cards of Adani Power, Axis Bank, Idea Cellular, Reliance Capital, Asian Paints, Bharti Airtel, Dr Reddy's, HDFC Bank, HDFC, Hero MotoCorp, HUL, ITC, IOC, Maruti Suzuki India and ONGC which will be unveiled this week.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 283.95,+2.25%), Adani Ports & Special Economic Zone Ltd. (Rs. 292.10,+2.22%), State Bank of India (Rs. 263.25,+1.88%), Tata Motors Ltd. (Rs. 551.30,+1.24%), GAIL (India) Ltd. (Rs. 445.45,+1.14%), among others.
Major show spoilers were Wipro Ltd. (Rs. 480.95,-3.66%), Asian Paints Ltd. (Rs. 1136.05,-1.51%), Axis Bank Ltd. (Rs. 520.25,-1.21%), Bharti Airtel Ltd. (Rs. 306.10,-1.07%), Tata Consultancy Services Ltd. (Rs. 2408.95,-0.81%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2659 shares traded, 1578 advanced while 896 shares declined and 185 remained unchanged.
On the global front, Asian markets were trading in the green with China’s Shanghai Composite rose 1.15 per cent, Hong Kong’s Hang Seng was up 0.35 per cent and Japan’s Nikkei 225 was trading 0.26 per cent higher.
