Tuesday 30 August 2016

Equity Markets Trading Higher, Bullion Market Down - Updates By Money Maker Research

Equity Markets Trading Higher, Bullion Market Down - Updates By Money Maker Research
Domestic Equity markets opened higher on today following global cues amid Reserve Bank of India’s latest report that stated that the near-term growth outlook for India seems brighter than last fiscal and the economy is likely to expand at 7.6 percent in 2016-17. BSE Sensex has earned more than 300 points in Tuesday trading session till yet. Currently Sensex is live at 28216 with 313 points hike and Nifty has hiked century points to 8707. Grasim, Bajaj Auto, Maruti Suzuki, Ambuja Cements and Tech Mahindra have forced Nifty to gain positive points. Bajaj Auto, Maruti Suzuki, GAIL, ICICI Bank and Sun Pharma have lift up the Sensex to soar 300 points up. Asian Indices are trading mixed. Nikkei dropped 12 points to 16725, Hang Seng has hiked 229 points to 23050 and Shanghai Composite is flat with just 6 points up at 3076. Commodity market has dropped down today. Gold lost 115 points to 30960 while Silver dropped 227 points to 44140. Natural Gas and Crude Oil with no major changes trading at 195 points and 3174 points respectively. Indian currency Rupee is trading higher by 9 paise at 67.08. All the Indian sectors are trading higher in the positive zone. BSE Auto sector is leading of all the sectors by gaining 374 points to 21915, BSE BANKEX hiked 251 points to 22310 and Bank Nifty earned 233 points to 19450. 

1 comment: