Markets open flat in early trade:19/10/2016 09:25
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The key domestic benchmark indices opened flat in the morning trading session in early trade. A bullish trend across most markets in Asia and a positive finish at Wall Street overnight may bolster risk taking appetite as signs of stabilization in the Chinese economy and strong US corporate earnings indicated an improving global outlook.
Shares of NIIT, Hindustan Zinc and Tata Coffee will be in focus as these companies reveal their September quarter earnings.
Optimism over the Indian economy amid swift progress on the implementation of GST and firm growth focus by the RBI may also buoy sentiment. At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28043.59 down by 7.29 points or by 0.03 per cent, while the NSE Nifty was at 8678.55 points, trading higher by 0.65 points or by 0.01 per cent.
The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 179.80,+1.96 per cent), Asian Paints Ltd. (Rs. 1188.50,+0.96 per cent), Axis Bank Ltd. (Rs. 536.80,+0.85 per cent), Tata Steel Ltd. (Rs. 427.00,+0.49 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 747.00,+0.41 per cent), among others.
Meanwhile, Tata Motors Ltd. (Rs. 552.00,-0.28 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 266.65,-0.02 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1133 shares traded, 795 shares advanced, 280 shares declined while 58 were unchanged.
On the global front, Asian stocks were trading higher today as China’s economy was stable in the September quarter, while oil prices rallied. US stocks closed higher in the previous trading session as robust Q3 earnings from the likes of Goldman Sachs and Netflix, coupled with improving US inflation boosted the sentiments.
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BANKNIFTY FUT TREND : BUY ZONE
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The key domestic benchmark indices opened flat in the morning trading session in early trade. A bullish trend across most markets in Asia and a positive finish at Wall Street overnight may bolster risk taking appetite as signs of stabilization in the Chinese economy and strong US corporate earnings indicated an improving global outlook.
Shares of NIIT, Hindustan Zinc and Tata Coffee will be in focus as these companies reveal their September quarter earnings.
Optimism over the Indian economy amid swift progress on the implementation of GST and firm growth focus by the RBI may also buoy sentiment. At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28043.59 down by 7.29 points or by 0.03 per cent, while the NSE Nifty was at 8678.55 points, trading higher by 0.65 points or by 0.01 per cent.
The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 179.80,+1.96 per cent), Asian Paints Ltd. (Rs. 1188.50,+0.96 per cent), Axis Bank Ltd. (Rs. 536.80,+0.85 per cent), Tata Steel Ltd. (Rs. 427.00,+0.49 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 747.00,+0.41 per cent), among others.
Meanwhile, Tata Motors Ltd. (Rs. 552.00,-0.28 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 266.65,-0.02 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1133 shares traded, 795 shares advanced, 280 shares declined while 58 were unchanged.
On the global front, Asian stocks were trading higher today as China’s economy was stable in the September quarter, while oil prices rallied. US stocks closed higher in the previous trading session as robust Q3 earnings from the likes of Goldman Sachs and Netflix, coupled with improving US inflation boosted the sentiments.
