Post Session: Sensex ends 145 pts higher; bank metal stocks rise:20/10/2016 16:26

Post Session: Sensex ends 145 pts higher; bank metal stocks rise:20/10/2016 16:26

NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The Indian benchmark indices ended higher on Thursday, with bank and metal stocks contributing most of the gains, tracking a positive trend across markets in Asia as a rally in crude oil prices bolstered risk taking appetite.

The 30-share BSE SENSEX closed at 28129.84, up by 145.47 points or by 0.52 per cent, and the NSE Nifty ended at 8699.4, up by 40.3 points or by 0.47 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 28212.5 and intraday low of 28031.57, while the NSE Nifty touched intraday high of 8727 and intraday low of 8678.3.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 285.20,+5.10%), ICICI Bank Ltd. (Rs. 277.50,+4.72%), State Bank of India (Rs. 259.95,+2.02%), Housing Development Finance Corporation Ltd. (Rs. 1359.05,+1.26%), Larsen & Toubro Ltd. (Rs. 1504.05,+1.23%), among others.

On the flip side, Lupin Ltd. (Rs. 1501.80,-0.68%), Hindustan Unilever Ltd. (Rs. 840.55,-0.64%), Tata Motors Ltd. (Rs. 547.30,-0.54%), Sun Pharmaceutical Industries Ltd. (Rs. 746.70,-0.49%), Infosys Ltd. (Rs. 1036.95,-0.45%), were among top losers on BSE.

On the sectoral front, bankex and metal stocks were among top gainers on BSE, adding as much as 1.42 per cent and 1.36 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3217, shares advanced were 1676 while 1295 shares declined and 246 were unchanged.

On the global front, Asian stocks ended mostly higher as traders eyed the outcome of the final presidential debate between Trump and Clinton. Hopes that the European Central Bank which meets today for an interest rate decision may offer some cues over a possible extension to its bond buying program also supported sentiment.