Markets remain firm; Tata Motors, Hero MotoCorp shares advance

31/08/2016 10:32

The key domestic benchmark indices were trading higher in the morning trading session tracking mixed cues from markets across Asia.

All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28424.62 up by 81.61 points or by 0.29 per cent, while the NSE Nifty was at 8779.90 points, trading higher by 35.55 points or by 0.40 per cent.

The BSE Sensex touched an intraday high of 28490.21 and an intraday low of 28363.1 The NSE Nifty touched an intraday high of 8801.5 and an intraday low of 8754.05

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 540.60,+2.33 per cent), Hero MotoCorp Ltd. (Rs. 3534.05,+1.75 per cent), Asian Paints Ltd. (Rs. 1160.00,+1.15 per cent), Cipla Ltd. (Rs. 581.55,+0.86 per cent), Bajaj Auto Ltd. (Rs. 3005.25,+0.77 per cent), among others.

Meanwhile, NTPC Ltd. (Rs. 160.10,-1.05 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 239.85,-0.77 per cent), Tata Consultancy Services Ltd. (Rs. 2530.25,-0.72 per cent), Infosys Ltd. (Rs. 1035.75,-0.50 per cent), Bharti Airtel Ltd. (Rs. 330.80,-0.39 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2108 shares traded, 1187 shares advanced, 778 shares declined while 143 were unchanged.

On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.

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