Mid-Session: Sensex, Nifty hold early gain; Bank, CGS stocks up 0.7%
29/03/2017 12:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities extended rally for the second day on Wednesday, tracking firm global cues, ahead of the expiry of March series futures and options contracts on Thursday. The market sentiment got a lift on renewed optimism for tax reforms in the US coupled with sustained buying by foreign portfolio investors. Banking stocks extended rally for the second day after the Finance Minister Arun Jaitley assured to resolve non-performing assets (NPA) issue soon. Dishman Pharmaceuticals rallied over 15 per cent after the drug maker said that its partner Tesaro Inc has received US Food and Drug Administration (FDA) approval for cancer drug Zejula capsules.
At 12:20 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29502.11, up by 92.59 points or by 0.31 per cent, and the NSE Nifty was at 9129.65, up by 28.85 points or by 0.32 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29535.04 and intraday low of 29439.42, while the NSE Nifty touched intraday high of 9136.1 and intraday low of 9109.10.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 287.30,+1.83%), Asian Paints Ltd. (Rs. 1074.00,+1.55%), ICICI Bank Ltd. (Rs. 280.25,+1.19%), Larsen & Toubro Ltd. (Rs. 1561.05,+0.99%), HDFC Bank Ltd. (Rs. 1430.00,+0.79%), among others.
On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 693.60,-0.71%), GAIL (India) Ltd. (Rs. 373.05,-0.52%), Mahindra & Mahindra Ltd. (Rs. 1271.75,-0.38%), Hero MotoCorp Ltd. (Rs. 3316.50,-0.35%), Adani Ports & Special Economic Zone Ltd. (Rs. 319.75,-0.33%), were among the top losers on BSE.
On the sectoral front, capital goods and bank stocks were leading the gain, adding as much as 0.8 per cent and 0.66 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2838, shares advanced were 1364 while 1260 shares declined and 214 were unchanged.
29/03/2017 12:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities extended rally for the second day on Wednesday, tracking firm global cues, ahead of the expiry of March series futures and options contracts on Thursday. The market sentiment got a lift on renewed optimism for tax reforms in the US coupled with sustained buying by foreign portfolio investors. Banking stocks extended rally for the second day after the Finance Minister Arun Jaitley assured to resolve non-performing assets (NPA) issue soon. Dishman Pharmaceuticals rallied over 15 per cent after the drug maker said that its partner Tesaro Inc has received US Food and Drug Administration (FDA) approval for cancer drug Zejula capsules.
At 12:20 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29502.11, up by 92.59 points or by 0.31 per cent, and the NSE Nifty was at 9129.65, up by 28.85 points or by 0.32 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29535.04 and intraday low of 29439.42, while the NSE Nifty touched intraday high of 9136.1 and intraday low of 9109.10.
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 287.30,+1.83%), Asian Paints Ltd. (Rs. 1074.00,+1.55%), ICICI Bank Ltd. (Rs. 280.25,+1.19%), Larsen & Toubro Ltd. (Rs. 1561.05,+0.99%), HDFC Bank Ltd. (Rs. 1430.00,+0.79%), among others.
On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 693.60,-0.71%), GAIL (India) Ltd. (Rs. 373.05,-0.52%), Mahindra & Mahindra Ltd. (Rs. 1271.75,-0.38%), Hero MotoCorp Ltd. (Rs. 3316.50,-0.35%), Adani Ports & Special Economic Zone Ltd. (Rs. 319.75,-0.33%), were among the top losers on BSE.
On the sectoral front, capital goods and bank stocks were leading the gain, adding as much as 0.8 per cent and 0.66 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2838, shares advanced were 1364 while 1260 shares declined and 214 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
