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Tuesday, 16 May 2017

Sensex gains 260 points, Nifty ends above 9500, Stock Option Trading Tips

Sensex Nifty up
Key benchmark indices continued their strong gains in a steady session of trade on sustained buying demand with BSE Sensex, gaining 260.48 points or 0.86% at 30,582.60. The NSE Nifty-50 index gained 66.85 points or 0.71% at 9,512.25. Both the pivotal kept record high levels in late trade. The BSE Midcap added 0.2 percent and BSE Smallcap index added 0.4 percent each. 

The gains in the markets was mainly lifted by DIIs and FPIs turning net buyers in the past week, along with good monsoon prospects, strong government at the center added to the sentiment. 

Bharti Airtel, HeroMoto Corp, ITC, TCS and SBI gained the most on BSE Index while Adani Ports, Coal India, Mahindra and Mahindra, ONGC and Cipla lost the most in the index. Metal stocks were trading under stress while realty, technology, auto, stocks gained in today’s trading. 

HUL gained 2% to Rs 1,000, its 52-week high on good monsoon prospects. The BSE IT index rose over 1 percent TCS gained 2.7%, while Wipro rose up to 1.6%. Natco Pharma shares rose 3.1% after the RBI raised the foreign investment limit in the company to 49% versus 31.5%. Further, it is reported that retirement fund EPFO will invest at least Rs. 18,000 Cr, in stocks in the FY-2018 boosted sentiment on the Stock Exchanges.


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