Mid-Session: Sensex surges 200 pts, Nifty trade above 8,500 07/11/2016 12:30

Mid-Session: Sensex surges 200 pts, Nifty trade above 8,500 07/11/2016 12:30
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The key domestic benchmark indices continued to trade higher in late morning deal on Monday, led by strong buying across healthcare and PSU stocks, tracking a positive trend across markets in Asia. The optimism in markets were injected after the Federal Bureau of Investigation maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House, bolstering risk taking appetite.

At 12:20 hours, the 30-share benchmark index was trading at 27480.83, up by 206.68 points or by 0.76 per cent, and the NSE Nifty was at 8510.65, up by 76.9 points or by 0.91 per cent.

In the day’s trade so-far, Sensex touched an intraday high of 27591.15 and intraday low of 27452.37, while the NSE Nifty touched intraday high of 8535.85 and intraday low of 8493.65.

The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1519.00,+6.90%), State Bank of India (Rs. 250.30,+3.07%), ITC Ltd. (Rs. 256.10,+2.81%), Tata Steel Ltd. (Rs. 412.10,+2.25%), ICICI Bank Ltd. (Rs. 274.60,+1.82%), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2299.50,-1.31%), Hindustan Unilever Ltd. (Rs. 836.70,-1.26%), Larsen & Toubro Ltd. (Rs. 1411.55,-0.52%), Wipro Ltd. (Rs. 450.70,-0.39%), Housing Development Finance Corporation Ltd. (Rs. 1381.95,-0.29%), were among top losers on BSE.

On the sectoral front, healthcare and PSU stocks were leading the gain, rising as much as 2.5 per cent and 1.72 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2812, shares advanced were 2063 while 645 shares declined and 104 were unchanged.