 "Sensex gains around 200 points; Hindalco, HDFC up over 2%")
Markets have extended gains and are trading near day’s high led by index heavyweights like HDFC, Reliance Inds and ITC.
By 10:35, the Sensex was higher by 188 points at 27,303 and the Nifty gained 49 points at 8,224.
The top gainers on the Sensex are Hindalco, HDFC, Tata Steel, M&M, L&T and RIL.
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Updated at 9:40
Markets have extended gains for sixth straight day and have commenced firm tracking strength in the global peers led by the IT shares after Nasdaq hit record highs, a day after the Federal Reserve indicated it would raise the interest rates slowly.
By 9:40, the Sensex was higher by 150 points at 27,265 and the Nifty gained 32 points at 8,207.
Among broader markets, BSE Midcap and Smallcap indices are up over 0.5%. The market breadth is positive with 908 shares advancing and 354 shares declining on the BSE.
Benchmark indices rose over 1% on Thursday after the US Federal Reserve, which kept interest rate steady and also indicated that rate hikes would be gradual, eased concerns over slowdown in foreign fund inflows.
Further, Finance Minister Arun Jaitley said on Thursday that economic reforms in the legislative pipeline can push India's growth rate above the 7 to 7.5% range.
Monsoon is expected to be normal in June boosting sowing of kharif crops but there are concerns about pick up in rainfall in the next month, a top Indian Meteorological Department (IMD) official said yesterday.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 784.73 crore yesterday as per provisional data released by the stock exchanges.
GLOBAL MARKETS
Asian shares held firm and the dollar remained on the defensive on Friday as investors bet the US Federal Reserve will not raise interest rates too soon, though anxiety over how Greece's debt crisis will unfold dampens risk appetite.
Japan's Nikkei rose 0.9% from a one-month low set on Thursday while MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.2%.
The gains follow rises in global equity prices the previous day. Major US share indexes jumped about one%, with the Nasdaq Composite finally erasing its last standing milestone from the dot-com era to set a record intraday high.
SECTORS & STOCKS
BSE Capital Goods, Healthcare, Consumer Durables, Metal, Oil & Gas and Realty indices have gained almost 1% each. Infact, all the sectoral indices are trading in positive territory.
The top gainers on the Sensex are Hindalco, HDFC, ONGC, Dr Reddy’s Labs, Bharti Airtel and Tata Steel.
Hindalco is the top Sensex gainer, up over 2.5%. According to media reports, LIC has increased its stake in Aditya Birla-led Hindalco to over 13%.
On the losing side, HUL has dipped around 1.5%. Hindustan Unilever turns ex-dividend today for final dividend of Rs 9 per share for the year ended 31 March 2015.
Among other shares, Amtek Auto clarified after trading hours yesterday, 18 June 2015, that the company has not issued FCCB of $70 million. The company issued this clarification to the media reports titled “The Company facing trouble with $70 million FCCB issue. The news is factually not correct, Amtek Auto said. The stock has zoomed 6%.
Suprajit Engineering has gained around 4% after the company said that it has completed the acquisition of 51% stake in Phoenix Lamps.
With Reuters input
By 10:35, the Sensex was higher by 188 points at 27,303 and the Nifty gained 49 points at 8,224.
The top gainers on the Sensex are Hindalco, HDFC, Tata Steel, M&M, L&T and RIL.
More From This Section
Shares of Tata Steel jumped around 1.6% in the early morning trades on the Bombay Stock Exchange (BSE) to Rs 308.7 after the company announced that it would be setting up a new company, Tata Steel SEZ in the Special Economic Zone in Odisha.
*****************************************
Updated at 9:40
Markets have extended gains for sixth straight day and have commenced firm tracking strength in the global peers led by the IT shares after Nasdaq hit record highs, a day after the Federal Reserve indicated it would raise the interest rates slowly.
By 9:40, the Sensex was higher by 150 points at 27,265 and the Nifty gained 32 points at 8,207.
Among broader markets, BSE Midcap and Smallcap indices are up over 0.5%. The market breadth is positive with 908 shares advancing and 354 shares declining on the BSE.
Benchmark indices rose over 1% on Thursday after the US Federal Reserve, which kept interest rate steady and also indicated that rate hikes would be gradual, eased concerns over slowdown in foreign fund inflows.
Further, Finance Minister Arun Jaitley said on Thursday that economic reforms in the legislative pipeline can push India's growth rate above the 7 to 7.5% range.
Monsoon is expected to be normal in June boosting sowing of kharif crops but there are concerns about pick up in rainfall in the next month, a top Indian Meteorological Department (IMD) official said yesterday.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 784.73 crore yesterday as per provisional data released by the stock exchanges.
GLOBAL MARKETS
Asian shares held firm and the dollar remained on the defensive on Friday as investors bet the US Federal Reserve will not raise interest rates too soon, though anxiety over how Greece's debt crisis will unfold dampens risk appetite.
Japan's Nikkei rose 0.9% from a one-month low set on Thursday while MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.2%.
The gains follow rises in global equity prices the previous day. Major US share indexes jumped about one%, with the Nasdaq Composite finally erasing its last standing milestone from the dot-com era to set a record intraday high.
SECTORS & STOCKS
BSE Capital Goods, Healthcare, Consumer Durables, Metal, Oil & Gas and Realty indices have gained almost 1% each. Infact, all the sectoral indices are trading in positive territory.
The top gainers on the Sensex are Hindalco, HDFC, ONGC, Dr Reddy’s Labs, Bharti Airtel and Tata Steel.
Hindalco is the top Sensex gainer, up over 2.5%. According to media reports, LIC has increased its stake in Aditya Birla-led Hindalco to over 13%.
On the losing side, HUL has dipped around 1.5%. Hindustan Unilever turns ex-dividend today for final dividend of Rs 9 per share for the year ended 31 March 2015.
Among other shares, Amtek Auto clarified after trading hours yesterday, 18 June 2015, that the company has not issued FCCB of $70 million. The company issued this clarification to the media reports titled “The Company facing trouble with $70 million FCCB issue. The news is factually not correct, Amtek Auto said. The stock has zoomed 6%.
Suprajit Engineering has gained around 4% after the company said that it has completed the acquisition of 51% stake in Phoenix Lamps.
With Reuters input