Create New Account    |   
 
Branch Locator   |   
 
Home | About Us | Careers | Sitemap | Contact Us | Downloads
Product & Services
  | 
Markets
  | 
Derivatives
  | 
Commodities
  | 
BLOG
  | 
Knowledge Center
  | 
Business Associates
 
Market may spurt on strong global cues
29-Nov-18   08:05 Hrs IST

Domestic shares may spurt, tracking strong leads from Asian market and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 97 points at the opening bell.

Overseas, Asian shares jumped on Thursday, tracking a Wall Street rally as dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards riskier assets.

US stocks surged overnight, spurred by a remarks from Fed Chairman Powell who said he considers the central bank's benchmark interest rate to be near a neutral level. The comments were viewed by investors as a retreat from his stance in early October when he had said that the central bank may go past neutral, but we are a long way from neutral at this point, probably.

On the US data front, the Commerce Department said gross domestic product grew at a 3.5% annualized rate in the third quarter, in a second estimate that matched the first.

Separately, data showed the deficit in advanced goods trade widened to $77.2 billion in October from $76.3 billion the previous month. Further, new home sales fell to an annualized rate of 544,000 in October, below the revised September rate of 597,000 new homes, the Census Bureau reported Wednesday.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 961.26 crore on 28 November 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 330.29 crore on 28 November 2018, as per provisional data.

Indian equity indices logged gains for third day in a row yesterday, 28 November 2018, led by gains in index pivotals. Positive global cues boosted investors sentiment. The barometer index, the S&P BSE Sensex, rose 203.81 points or 0.57% to settle at 35,716.95. The Nifty 50 index rose 43.25 points or 0.40% to settle at 10,728.85.

Powered by Capital Market - Live News

BSE | NSE
Thursday, May 23, 2019 1:26:00 PM   
Asian Paints    1365.85  (-0.90)    |    
Axis Bank    793.90  (14.60)    |    
Bajaj Auto    3072.80  (23.10)    |    
Bajaj Fin.    3449.35  (1.65)    |    
Bharti Airtel    341.50  (6.45)    |    
Coal India    242.90  (2.60)    |    
H D F C    2172.00  (31.40)    |    
HCL Technologi...    1061.95  (2.75)    |    
HDFC Bank    2385.50  (-19.60)    |    
Hero Motocorp    2771.30  (72.50)    |    
Hind. Unilever    1759.00  (-7.15)    |    
ICICI Bank    419.85  (14.35)    |    
IndusInd Bank    1597.00  (79.45)    |    
Infosys    710.00  (0.80)    |    
ITC    291.45  (-8.10)    |    
Kotak Mah. Ban...    1519.65  (24.15)    |    
Larsen & Toubr...    1515.80  (55.25)    |    
M & M    644.50  (3.55)    |    
Maruti Suzuki    6997.85  (93.75)    |    
NTPC    131.45  (1.85)    |    
O N G C    176.85  (0.30)    |    
Power Grid Cor...    186.55  (4.45)    |    
Reliance Inds.    1365.35  (24.65)    |    
St Bk of India    352.30  (11.45)    |    
Sun Pharma.Ind...    421.50  (0.85)    |    
Tata Motors    178.90  (-0.55)    |    
Tata Motors-DV...    85.30  (-0.05)    |    
Tata Steel    477.00  (3.30)    |    
TCS    2063.40  (-19.35)    |    
Vedanta    163.45  (-3.00)    |    
Yes Bank    144.25  (6.55)    |