Friday 16 September 2016

Sensex rises over 300 points

The Indian stock market rallied tracking positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate increase by the Federal Reserve at next week's meeting. The Sensex jumped over 250 points, while the broader Nifty50 rallied above its key 8,800 level.

The Nifty reclaimed its crucial level of 8,800 supported by gains in IT, realty, power, oil & gas, capital goods, banks, and auto stocks.

The S&P BSE Sensex is trading at 28,737 up 325 points, while NSE Nifty is trading at 8,837 up 95 points.

The BSE Mid-cap Index is trading up 1.28% at 13,259 whereas BSE Small-cap Index is trading up 1.08% at 12,883.

Hero MotoCorp, Bajaj Auto, Matuti Suzuki, SBI, Axis Bank and NTPC are among the gainers, whereas Cox & King, Monsanto, ICRA, Britannia and Sanofi are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory.

The INDIA VIX is down 3.40% at 14.1775. Out of 1,856 stocks traded on the NSE, 255 declined, 1,216 advanced and 385 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trades today, while 14 stocks touched a new 52-week low on the NSE.

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