BSE Sensex was trading at 19,602, up 133 points over the previous close. While, NSE Nifty was trading at 5,885, up 33 points over the previous close.
The Indian equity benchmarks have started the last trading of the week on solid note, joining a worldwide rally in stocks following strong results from some top US corporates. Barring Infosys, results from the Indian companies too have been largely in line with estimates with an odd one like HCL Technologies beating market expectations.
At 09:22 am (IST), the BSE Sensex was trading at 19,602, up 133 points over the previous close. While, NSE Nifty was trading at 5,885, up 33 points over the previous close.
The broader indices are also trading firm and the market breadth is positive. Most sectoral indices on the BSE are in the positive territory.
Meanwhile, shares of scam-tainted Unitech, DB Realty and the ADAG companies have recovered ahead of the High Court ruling on the bail applications of five executives allegedly involved in the 2G scam.
Hero Honda, ONGC, Jindal Steel, Hindalco, L&T, TCS, HDFC Bank, Sterlite, Tata Steel, Grasim, ACC, Sesa Goa, HDFC, HCL tech, ICICI Bank, Maruti Suzuki, DLF, Ranbaxy and DLF are among the notable leaders in the Sensex and the Nifty.
BPCL, Siemens, Tata Motors, Kotak Mahindra Bank, GAIL, Bajaj Auto, M&M, SAIL and JP Associate were among the notable losers in the Sensex and the Nifty.
In global action, markets across Asia have advanced, tracking a solid rally on Wall Street and the European markets. Crude oil has risen for a third straight day amid increasing signs that the global economy is doing well. The dollar has lost some ground against the main counterparts while gold is trading above the US$1,500 an ounce.
1 comment:
Sensex bounced exactly from the level of 16990, I had mentioned that sensex could hit 16969, sensex bounced exactly from 16990.
August will be volatile month and will see turbulent markets, the present correction would end in September, when markets take off in a big way.
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