Mid-Session: Sensex surges 110 pts, Nifty inches close to 8,200; CDS, CGS stocks up : 30/11/2016 12:20

Mid-Session: Sensex surges 110 pts, Nifty inches close to 8,200; CDS, CGS stocks up : 30/11/2016 12:20
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE




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The Indian equities extended gaining streak for the fourth straight session on Wednesday amid sustained buying by domestic and foreign institutional investors on hopes of positive GDP data to be released later in the day. The market saw buying across capital goods, healthcare, consumer durables, realty, oil & gas and PSUs stocks, tracking firm trends from fellow Asian peers.

At 12:05 hours, the 30-share benchmark index was trading at 26505.82, up by 111.81 points or by 0.42 per cent, and the NSE Nifty was at 8180.9, up by 38.75 points or by 0.48 per cent.  

In the day’s trade so-far, Sensex touched an intraday high of 26531.37 and intraday low of 26395.5, while the NSE Nifty touched intraday high of 8188.8 and intraday low of 8139.25.

The top gainers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 1385.20,+2.26%), ICICI Bank Ltd. (Rs. 261.00,+2.05%), Maruti Suzuki India Ltd. (Rs. 5152.00,+1.20%), Adani Ports & Special Economic Zone Ltd. (Rs. 279.55,+1.18%), Sun Pharmaceutical Industries Ltd. (Rs. 712.40,+0.86%), among others.

On the flip side, GAIL (India) Ltd. (Rs. 425.00,-0.69%), Coal India Ltd. (Rs. 306.50,-0.65%), Power Grid Corporation of India Ltd. (Rs. 188.80,-0.61%), Reliance Industries Ltd. (Rs. 990.75,-0.51%), NTPC Ltd. (Rs. 162.45,-0.43%), were among top losers on the BSE.

On the sectoral front, consumer durables and capital goods stocks emerged as top gainers, adding as much as 1.91 per cent and 1.58 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2486, shares advanced were 1578 while 735 shares declined and 173 were unchanged.