Mid-Session: Sensex gains 200 pts, Nifty trades above 9,550; metal, auto stocks support
26/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities extended rally in late morning deal on Friday, helped by strong buying across metal and auto stocks, undermining weak cues from Asian markets. The market rally was fueled by reports of increase in pre-monsoon showers across the India, which gives a glimpse of the arrival of monsoon 2017 sooner-than-later. Cipla tanked nearly 5 per cent in intra-day after the drug maker reported a consolidated net loss of Rs 61.79 crore for the quarter ended March 31, 2017, compared to net loss of Rs 92.83 crore in the same quarter last year. At 12:30 hours, the 30-share barometer Sensex was at 30953.25, up by 203.22 points or by 0.66 per cent, and the NSE Nifty was at 9567.95, up by 58.2 points or by 0.61 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 30975.52 and intraday low of 30745.57, while the NSE Nifty touched intraday high of 9572.05 and intraday low of 9495.4.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 509.40,+4.97%), Reliance Industries Ltd. (Rs. 1334.50,+2.43%), Asian Paints Ltd. (Rs. 1136.25,+2.15%), Adani Ports & Special Economic Zone Ltd. (Rs. 348.00,+2.13%), Power Grid Corporation of India Ltd. (Rs. 201.70,+1.51%), among others. On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 573.45,-3.10%), Cipla Ltd. (Rs. 489.00,-3.00%), Lupin Ltd. (Rs. 1120.45,-1.54%), Tata Consultancy Services Ltd. (Rs. 2588.80,-1.19%), State Bank of India (Rs. 287.00,-1.03%), were among the top losers on BSE. On the sectoral front, metal and auto stocks emerged as top gainers, rising as much as 3.4 per cent and 1.12 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2656, shares advanced were 1741 while 771 shares declined and 144 were unchanged.
26/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities extended rally in late morning deal on Friday, helped by strong buying across metal and auto stocks, undermining weak cues from Asian markets. The market rally was fueled by reports of increase in pre-monsoon showers across the India, which gives a glimpse of the arrival of monsoon 2017 sooner-than-later. Cipla tanked nearly 5 per cent in intra-day after the drug maker reported a consolidated net loss of Rs 61.79 crore for the quarter ended March 31, 2017, compared to net loss of Rs 92.83 crore in the same quarter last year. At 12:30 hours, the 30-share barometer Sensex was at 30953.25, up by 203.22 points or by 0.66 per cent, and the NSE Nifty was at 9567.95, up by 58.2 points or by 0.61 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 30975.52 and intraday low of 30745.57, while the NSE Nifty touched intraday high of 9572.05 and intraday low of 9495.4.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 509.40,+4.97%), Reliance Industries Ltd. (Rs. 1334.50,+2.43%), Asian Paints Ltd. (Rs. 1136.25,+2.15%), Adani Ports & Special Economic Zone Ltd. (Rs. 348.00,+2.13%), Power Grid Corporation of India Ltd. (Rs. 201.70,+1.51%), among others. On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 573.45,-3.10%), Cipla Ltd. (Rs. 489.00,-3.00%), Lupin Ltd. (Rs. 1120.45,-1.54%), Tata Consultancy Services Ltd. (Rs. 2588.80,-1.19%), State Bank of India (Rs. 287.00,-1.03%), were among the top losers on BSE. On the sectoral front, metal and auto stocks emerged as top gainers, rising as much as 3.4 per cent and 1.12 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2656, shares advanced were 1741 while 771 shares declined and 144 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
