SENSEX RALLIES; PHARMA BANKING STOCKS LEAD
The Indian stock market has opened with strong gains supported by firm global cues as FBI cleared presidential candidate Hillary Clinton of potential criminal charges in its private email server probe.
At 9:36 AM, the S&P BSE Sensex is trading at 27,518 up 244 points, while NSE Nifty is trading at 8,507 up 73 points.
The BSE Mid-cap Index is trading up 1.28% at 12,903 whereas BSE Small-cap Index is trading up 1.64% at 13,088.
Lupin, ITC, Adani Ports, SBI and Tata Steel are among the gainers, whereas Asian Paints, HUL, TCS, Wipro and Bajaj Auto are losing sheen on NSE.
All the BSE sectoral indices were trading in the positive territory.
The INDIA VIX is down 3.22% at 16.3050. Out of 1,863 stocks traded on the NSE, 1,308 declined, 182 advanced and 373 remained unchanged today.
A total of 17 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.
The rupee opened marginally lower by four paise at 66.70/$ as against the previous close of 66.74/$.
Asian markets opened in the green after a week of declines & should see pull back from deeply oversold zone extend as we head into the results of US elections due on Tuesday night.
The pessimism & fear caused by the rhetoric & predictions of the results have left an extremely sour taste in the face of most investors with November losses wiping out entire 4 months of profits on equities. With most negatives being priced in expect the Christmas rally on Wall Street to get preponed to this week as chances of a Clinton win return after the FBI report on mails soothes nerves.
While FPI numbers have failed to cheer the street, Mutual Fund industry's asset base hit an all-time high of Rs. 16.3 trillion at the end of October.
The government will kick off its pre-budget consultations with a host of industry associations from today. As the macro numbers come in during the week, a revival in IIP and a dip in CPI will cheer market.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?
This blog is really very informative, get 2 days Profitable Equity Tips Expert
ReplyDelete