Mid-Session: Sensex surges 300 pts on GST euphoria, Nifty reclaims 9,600
03/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The key domestic benchmark extended rally in the late morning deal on Monday, tracking firm cues from Asian peers, as investors gave thumbs-up to the successful implementation of the long pending new tax regime, goods and services tax (GST), from July 1 midnight. On the sectoral front, all the thirteen indices were trading in green, with FMCG and metal stocks rising as much as 3.47 per cent and 1.61 per cent respectively.
At 12:15 hours, the 30-share benchmark index was trading at 31240.24, up by 318.63 points or by 1.03 per cent, and the NSE Nifty was at 9612.95, up by 92.05 points or by 0.97 per cent.
In the bullish trade so-far, Sensex touched intraday high of 31258.33 and intraday low of 31017.11, while the NSE Nifty touched intraday high of 9614 and intraday low of 9543.55.
Maruti Suzuki India soared nearly 2 per cent after the company announced cut in vehicle prices following the implementation of GST from July 1 midnight. According to media reports the company has slashed car between Rs 2,300 and Rs 23,400 per unit.
JMC Projects (India) advanced over 4 per cent on the BSE prices after the company said it has secured new orders of Rs 710 crore.
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 343.45,+6.05%), Maruti Suzuki India Ltd. (Rs. 7336.85,+1.65%), Mahindra & Mahindra Ltd. (Rs. 1367.85,+1.50%), Infosys Ltd. (Rs. 947.25,+1.24%), Tata Steel Ltd. (Rs. 550.75,+1.18%), among others.
On the flip side, Wipro Ltd. (Rs. 256.00,-1.06%), NTPC Ltd. (Rs. 156.80,-1.04%), Bajaj Auto Ltd. (Rs. 2767.80,-0.81%), Kotak Mahindra Bank Ltd. (Rs. 948.15,-0.76%), Sun Pharmaceutical Industries Ltd. (Rs. 551.55,-0.53%), were among top losers on the BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2587, shares advanced were 1752 while 700 shares declined and 135 were unchanged.
03/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The key domestic benchmark extended rally in the late morning deal on Monday, tracking firm cues from Asian peers, as investors gave thumbs-up to the successful implementation of the long pending new tax regime, goods and services tax (GST), from July 1 midnight. On the sectoral front, all the thirteen indices were trading in green, with FMCG and metal stocks rising as much as 3.47 per cent and 1.61 per cent respectively.
At 12:15 hours, the 30-share benchmark index was trading at 31240.24, up by 318.63 points or by 1.03 per cent, and the NSE Nifty was at 9612.95, up by 92.05 points or by 0.97 per cent.
In the bullish trade so-far, Sensex touched intraday high of 31258.33 and intraday low of 31017.11, while the NSE Nifty touched intraday high of 9614 and intraday low of 9543.55.
Maruti Suzuki India soared nearly 2 per cent after the company announced cut in vehicle prices following the implementation of GST from July 1 midnight. According to media reports the company has slashed car between Rs 2,300 and Rs 23,400 per unit.
JMC Projects (India) advanced over 4 per cent on the BSE prices after the company said it has secured new orders of Rs 710 crore.
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 343.45,+6.05%), Maruti Suzuki India Ltd. (Rs. 7336.85,+1.65%), Mahindra & Mahindra Ltd. (Rs. 1367.85,+1.50%), Infosys Ltd. (Rs. 947.25,+1.24%), Tata Steel Ltd. (Rs. 550.75,+1.18%), among others.
On the flip side, Wipro Ltd. (Rs. 256.00,-1.06%), NTPC Ltd. (Rs. 156.80,-1.04%), Bajaj Auto Ltd. (Rs. 2767.80,-0.81%), Kotak Mahindra Bank Ltd. (Rs. 948.15,-0.76%), Sun Pharmaceutical Industries Ltd. (Rs. 551.55,-0.53%), were among top losers on the BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2587, shares advanced were 1752 while 700 shares declined and 135 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
