Mid-Session: Sensex, Nifty trim early gain; Adani Ports hits 52-week high
30/03/2017 12:30
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities continued gaining spree for the third day on Thursday, helped by broad-based buying, as investors gave thumbs-up to passage of the four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. Short-covering by traders ahead of the expiry of March series futures and options contracts due today also gave a lift to market sentiment. Adani Ports and Special Economic Zone rallied over 4 per cent, hitting 52-week high, after global rating agency Credit Suisse affirmed ‘Outperform’ rating to the company. Among others, Aurobindo Pharma advanced over 1 per cent after the drug maker said that it has receives US FDA approval for abacavir sulfate and lamivudine tablets used in the treatment of HIV.
At 12:22 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29590.68, up by 59.25 points or by 0.2 per cent, and the NSE Nifty was at 9154.7, up by 10.9 points or by 0.12 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29645.88 and intraday low of 29521.65, while the NSE Nifty touched intraday high of 9169.65 and intraday low of 9136.3.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 334.55,+4.43%), State Bank of India (Rs. 291.25,+1.22%), Tata Consultancy Services Ltd. (Rs. 2463.45,+0.81%), Hero MotoCorp Ltd. (Rs. 3246.55,+0.72%), Reliance Industries Ltd. (Rs. 1263.75,+0.72%), among others.
On the flip side, Axis Bank Ltd. (Rs. 498.50,-1.08%), Coal India Ltd. (Rs. 292.00,-0.70%), ITC Ltd. (Rs. 281.30,-0.46%), Power Grid Corporation of India Ltd. (Rs. 195.65,-0.43%), Tata Motors Ltd. (Rs. 467.10,-0.43%), were among the top losers on BSE.
On the sectoral front, realty and consumer durables stocks were leading the gain, adding as much as 2.25 per cent and 1.14 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2743, shares advanced were 1723 while 814 shares declined and 206 were unchanged.
30/03/2017 12:30
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian equities continued gaining spree for the third day on Thursday, helped by broad-based buying, as investors gave thumbs-up to passage of the four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. Short-covering by traders ahead of the expiry of March series futures and options contracts due today also gave a lift to market sentiment. Adani Ports and Special Economic Zone rallied over 4 per cent, hitting 52-week high, after global rating agency Credit Suisse affirmed ‘Outperform’ rating to the company. Among others, Aurobindo Pharma advanced over 1 per cent after the drug maker said that it has receives US FDA approval for abacavir sulfate and lamivudine tablets used in the treatment of HIV.
At 12:22 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29590.68, up by 59.25 points or by 0.2 per cent, and the NSE Nifty was at 9154.7, up by 10.9 points or by 0.12 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29645.88 and intraday low of 29521.65, while the NSE Nifty touched intraday high of 9169.65 and intraday low of 9136.3.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 334.55,+4.43%), State Bank of India (Rs. 291.25,+1.22%), Tata Consultancy Services Ltd. (Rs. 2463.45,+0.81%), Hero MotoCorp Ltd. (Rs. 3246.55,+0.72%), Reliance Industries Ltd. (Rs. 1263.75,+0.72%), among others.
On the flip side, Axis Bank Ltd. (Rs. 498.50,-1.08%), Coal India Ltd. (Rs. 292.00,-0.70%), ITC Ltd. (Rs. 281.30,-0.46%), Power Grid Corporation of India Ltd. (Rs. 195.65,-0.43%), Tata Motors Ltd. (Rs. 467.10,-0.43%), were among the top losers on BSE.
On the sectoral front, realty and consumer durables stocks were leading the gain, adding as much as 2.25 per cent and 1.14 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2743, shares advanced were 1723 while 814 shares declined and 206 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
