Sensex crosses 29k-mark; realty, metal stocks lead 07/09/2016 11:35

Sensex crosses 29k-mark; realty, metal stocks lead
07/09/2016 11:35
NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE


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Shrugging off mixed cues from fellow Asian peers, Indian equity benchmarks continued to trade in the positive territory during the late morning deals on Wednesday led by buying by retail investors and sustained foreign fund inflows as Fed rate hike fears eased after tepid US services data.

At 11:13 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,003.94, up by 25.92 points or 0.09 per cent while the NSE Nifty was at 8,946.75, up by 3.75 points or 0.04 per cent.

Buying momentum was witnessed mainly in the realty, metal, banking, auto and IT sector stocks

Meanwhile, BHEL, ONGC, GAIL and SpiceJet will reveal their April-June 2016 quarter earnings today.

On the global front, Asian markets were trading mixed as traders weighed weaker-than-expected US services data which raised speculation that the Fed may keep lower interest rates for longer.