Markets open higher in early trade:24/10/2016 09:24
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The key domestic benchmark indices opened higher in the morning trading session tracking a mixed trend across markets in Asia as traders stuck to a cautious approach amidst a busy week for earnings results across the US, Japan and China, which will offer cues over the health of the global economy.
This week, shares 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 will be in focus as the companies unveil their September quarter earnings.
Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s October Futures & Options (F&O) expiry. Foreign investment trend, movement of the rupee and oil prices will also dictate sentiment at Dalal Street this week.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28159.48 up by 82.30 points or by 0.29 per cent, while the NSE Nifty was at 8713.20 points, trading higher by 20.15 points or by 0.23 per cent.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 754.95,+1.10 per cent), Asian Paints Ltd. (Rs. 1165.00,+1.00 per cent), ITC Ltd. (Rs. 242.00,+0.90 per cent), ICICI Bank Ltd. (Rs. 279.90,+0.79 per cent), Axis Bank Ltd. (Rs. 530.00,+0.65 per cent), among others.
Meanwhile, Wipro Ltd. (Rs. 489.90,-1.86 per cent), Bharti Airtel Ltd. (Rs. 307.00,-0.78 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 279.75,-0.09 per cent), Tata Steel Ltd. (Rs. 427.00,-0.07 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 551 shares traded, 437 shares advanced, 77 shares declined while 37 were unchanged.
On the global front, Asian stocks were trading lower today as developers and banks declined while investors booked profits after bourses notched up their best weekly performance in a month. US stocks closed lower in the previous trading session amid concerns that a stronger dollar may hit corporate earnings but a flurry of deal activity bolstered consumer stocks.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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This week, shares 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 will be in focus as the companies unveil their September quarter earnings.
Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s October Futures & Options (F&O) expiry. Foreign investment trend, movement of the rupee and oil prices will also dictate sentiment at Dalal Street this week.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28159.48 up by 82.30 points or by 0.29 per cent, while the NSE Nifty was at 8713.20 points, trading higher by 20.15 points or by 0.23 per cent.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 754.95,+1.10 per cent), Asian Paints Ltd. (Rs. 1165.00,+1.00 per cent), ITC Ltd. (Rs. 242.00,+0.90 per cent), ICICI Bank Ltd. (Rs. 279.90,+0.79 per cent), Axis Bank Ltd. (Rs. 530.00,+0.65 per cent), among others.
Meanwhile, Wipro Ltd. (Rs. 489.90,-1.86 per cent), Bharti Airtel Ltd. (Rs. 307.00,-0.78 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 279.75,-0.09 per cent), Tata Steel Ltd. (Rs. 427.00,-0.07 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 551 shares traded, 437 shares advanced, 77 shares declined while 37 were unchanged.
On the global front, Asian stocks were trading lower today as developers and banks declined while investors booked profits after bourses notched up their best weekly performance in a month. US stocks closed lower in the previous trading session amid concerns that a stronger dollar may hit corporate earnings but a flurry of deal activity bolstered consumer stocks.
