The Stock market registered modest gains, extending previous session's gains. The BSE Sensex advanced 235.98 points at 33,342.80, while the NSE Nifty50 index rose 68.85 points to settle at 10,283.60. Metal, Reality and Bank sectors push the market upwards.
Positive global cues boosted sentiment. Investor risk appetite also increased after rating agency Moody's Investors Service has upgraded sovereign rating of India a notch above investment grade after a long gap of 14 years. Moody ratings increased the investors’ sentiments, pushing the banking and financial sector stocks up. Metal stocks bloomed with the gains of JSW Steel, Hindalco and Vedanta.
Realty stocks surged after the Union Cabinet has approved the increase in the carpet area of houses qualified for interest subsidy scheme under Pradhan Mantri Awas Yojana (Urban). Index pivotal HDFC, HDFC Bank and ITC advanced.
Overseas, European stocks edged down as investors conceived further earnings and data. AsianStocks jumped up as global equities come out to bounce back after declines in the week earlier. US equities rose yesterday, 16 Nov 2017, rebounding from consecutive falls, following stellar quarterly results.
Monday 20 Nov Stock Market and Commodity Market Best Trading Tips and Profitable Calls on Mobile >>>>> CLICK HERE
0 comments:
Post a Comment