Markets open higher in early trade :18/10/2016 09:22
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The key domestic benchmark indices opened higher in the morning trading session tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite. Slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets such as India.
Shares of Havells India, Mastek and Hindustan Zinc will be in focus as the companies reveal their September quarter earnings. The Q2 earnings season has been off to a rather tepid start with IT bellwethers Infosys and TCS disappointing.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27713.47 up by 183.50 points or by 0.67 per cent, while the NSE Nifty was at 8571.55 points, trading higher by 51.15 points or by 0.60 per cent.
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1197.90,+1.27 per cent), GAIL (India) Ltd. (Rs. 431.80,+0.98 per cent), Axis Bank Ltd. (Rs. 523.85,+0.96 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 739.95,+0.80 per cent), Infosys Ltd. (Rs. 1030.00,+0.78 per cent), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 300.50,-0.25 per cent), ITC Ltd. (Rs. 240.10,-0.15 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 902 shares traded, 736 shares advanced, 130 shares declined while 36 were unchanged.
On the global front, Asian stocks were trading higher today on hopes that US monetary policy will continue to remain accommodative. US stocks closed lower in the previous trading session as investors assessed mixed US economic data and quarterly earnings from the likes of Bank of America.
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The key domestic benchmark indices opened higher in the morning trading session tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite. Slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets such as India.
Shares of Havells India, Mastek and Hindustan Zinc will be in focus as the companies reveal their September quarter earnings. The Q2 earnings season has been off to a rather tepid start with IT bellwethers Infosys and TCS disappointing.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27713.47 up by 183.50 points or by 0.67 per cent, while the NSE Nifty was at 8571.55 points, trading higher by 51.15 points or by 0.60 per cent.
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1197.90,+1.27 per cent), GAIL (India) Ltd. (Rs. 431.80,+0.98 per cent), Axis Bank Ltd. (Rs. 523.85,+0.96 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 739.95,+0.80 per cent), Infosys Ltd. (Rs. 1030.00,+0.78 per cent), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 300.50,-0.25 per cent), ITC Ltd. (Rs. 240.10,-0.15 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 902 shares traded, 736 shares advanced, 130 shares declined while 36 were unchanged.
On the global front, Asian stocks were trading higher today on hopes that US monetary policy will continue to remain accommodative. US stocks closed lower in the previous trading session as investors assessed mixed US economic data and quarterly earnings from the likes of Bank of America.
