Auto, Petroleum & IT stocks rallied on Indian markets
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Asian markets finished broadly higher with shares in Japan leading the region. The Nikkei 225 closed above 396 points or 2.44% to 16,650.57, followed by Hong Kong's Hang Seng which soared by 349 points or 1.57% to 22,494.76. China's Shanghai Composite was also up by 27 points or 0.93% to 3,004.28.
Indian market zoomed on Dalal Street led by global cues. The sensex soared over 104 points or 0.37% to 28,182.57, while Nifty zoomed nearly 28 points or 0.32% to 8711.35. Overall the Indian exchange were positive with BSE holding 20 advances and 10 declines. Also NSE recorded 33 advances and 18 declines.
SGX Nifty soared over 45 points or 0.51% to 8747.50 on US job data. The US job data rose by 255,000 jobs in July,2016.
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Hero Motocorp was trading over Rs 87 or 2.53% to Rs 3521.25 after reporting positive June quarter result. The company reported net profit of Rs 883.10 crore, witnessing a rise of 18.13% yoy (year-on-year) and 5.80% qoq (quarter-on-quarter).
Nifty trades near 8700 level while Sensex floats above 80 points
European markets are mixed today. The DAX is up 0.43% while the FTSE 100 gains 0.22%. The CAC 40 is also trading positive with 0.21% gain.
Britannia Industries soared over Rs 173 or 6.02% to Rs 3055 on positive June quarter performance. The company reported posted a consolidated net profit after tax, minority interest and share of profit of associates of Rs. 219.1 crore for the quarter ended June 30, 2016, a rise of 13.15% as compared to Rs. 193.6 crore for the quarter ended June 30, 2015.
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Nifty Bank was trading sluggish led by selling pressure in PSU bank by investors. The index was up by 6 points or 0.03% to 18,932.15. IndusInd Bank was top gainer by surging over 10 points or 0.88% to Rs 1195. Canara Bank was top loser, slumping by 1.49% to Rs 255.40.
Hindalco Industries soared 5% to Rs 150.85 on NSE exchange, trading as top gainer. Nearly 51,30,280 shares have been exchanged by invest
Both Indian exchanges were positive with BSE recording 25 advances, 4 declines and 1 remaining unchanged. Also NSE was with 37 advances and 14 declines.
On Monday, Indian markets were trading positive led by good and service tax bill clearance and government announcing to attain 4% Inflation target by 2021. The sensex soared over 108 points or 0.39% to 28,186.66 and Nifty also zoomed nearly 25 points or 0.29% to 8708.50.
Indian rupee is trading stable. The rupee was below 0.028 paise or 0.04% to 66.815. It opened at 66.843.
Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.23% to 2984.87 while the Hang Seng jumped over 279 points or 1.33% to 22,425.62. The Nikkei 225 has soared over 323 points or 1.99% to 16,577.75.
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