Mid-Session: Sensex, Nifty stay on firm footing; realty, IT stock surge 16/02/2017 12:31
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The key domestic benchmark extended rally in late morning deal on Thursday amid strong rally in frontline blue-chips such as TCS, Sun Pharma, Infosys, Maruti Suzuki, GAIL (India) and Tata Motors. The market also witnessed value buying in realty and IT stocks as investors digested the quarterly corporate earnings. Traders keenly awaited the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms.
At 12:20 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex 28292.43, up by 136.87 points or by 0.49 per cent, and the NSE Nifty was at 8768.45, up by 43.75 points or by 0.5 per cent.
In the day’s trade so far, the BSE Sensex touched intraday high of 28305.55 and intraday low of 28146.19, while the NSE Nifty touched intraday high of 8776.75 and intraday low of 8719.6. Tata Consultancy Services (TCS) climbed over 1 per cent after IT bellwether said its board will meet on February 20, 2017 to consider a proposal for buyback of equity shares of the company.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 641.00,+2.97%), Infosys Ltd. (Rs. 1008.40,+2.65%), Maruti Suzuki India Ltd. (Rs. 5983.50,+2.10%), GAIL (India) Ltd. (Rs. 503.25,+1.81%), Tata Motors Ltd. (Rs. 443.00,+1.48%), among others.
On the flip side, ITC Ltd. (Rs. 269.60,-1.39%), Larsen & Toubro Ltd. (Rs. 1470.80,-0.63%), Dr. Reddy's Laboratories Ltd. (Rs. 2892.35,-0.61%), Bajaj Auto Ltd. (Rs. 2775.00,-0.54%), Coal India Ltd. (Rs. 318.50,-0.48%), were among top losers on BSE.
On the sectoral front, realty and IT stocks were leading the rally, gaining as much as 2.35 per cent and 1.74 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2729, shares advanced were 1664 while 908 shares declined and 157 were unchanged
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The key domestic benchmark extended rally in late morning deal on Thursday amid strong rally in frontline blue-chips such as TCS, Sun Pharma, Infosys, Maruti Suzuki, GAIL (India) and Tata Motors. The market also witnessed value buying in realty and IT stocks as investors digested the quarterly corporate earnings. Traders keenly awaited the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms.
At 12:20 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex 28292.43, up by 136.87 points or by 0.49 per cent, and the NSE Nifty was at 8768.45, up by 43.75 points or by 0.5 per cent.
In the day’s trade so far, the BSE Sensex touched intraday high of 28305.55 and intraday low of 28146.19, while the NSE Nifty touched intraday high of 8776.75 and intraday low of 8719.6. Tata Consultancy Services (TCS) climbed over 1 per cent after IT bellwether said its board will meet on February 20, 2017 to consider a proposal for buyback of equity shares of the company.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 641.00,+2.97%), Infosys Ltd. (Rs. 1008.40,+2.65%), Maruti Suzuki India Ltd. (Rs. 5983.50,+2.10%), GAIL (India) Ltd. (Rs. 503.25,+1.81%), Tata Motors Ltd. (Rs. 443.00,+1.48%), among others.
On the flip side, ITC Ltd. (Rs. 269.60,-1.39%), Larsen & Toubro Ltd. (Rs. 1470.80,-0.63%), Dr. Reddy's Laboratories Ltd. (Rs. 2892.35,-0.61%), Bajaj Auto Ltd. (Rs. 2775.00,-0.54%), Coal India Ltd. (Rs. 318.50,-0.48%), were among top losers on BSE.
On the sectoral front, realty and IT stocks were leading the rally, gaining as much as 2.35 per cent and 1.74 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2729, shares advanced were 1664 while 908 shares declined and 157 were unchanged
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Free Commodity Tips : Join our Whatsapp No : 9094047040
