The benchmark index S&P BSE Sensex and NSE Nifty rise in the morning hours of Thursday, extending initial gains and hit fresh intraday high. At 10.45 am, the barometer index, the BSE Sensex, was up 104 points or 0.35% at 29,635.43. The Nifty 50 index was up 22.85 points or 0.25% at 9,166.65.
The broad market depicted strength. There were more than 3 gainers versus every loser on BSE. About 1546 shares rose and 501 shares fell and a total of 123 shares were unchanged.
Investors' sentiment got a boost after the much-awaited tax reform GST inched closer to its 1 July 2017 rollout date. India took a big bound in rolling out the GST after the Lower House of Parliament gave its approval to four supplementary Bills.
The Indian rupee, tracking Asian currencies, falls against the US dollar. Gold fell today as the dollar strengthened. Copper price edged lower in the global commodities markets. Copper for May 2017 delivery was currently down 0.39% at USD 2.667 per pound on the COMEX.
India VIX fell down by 3.26 percent at 15.71 and decline in volatility even after new lows in the index suggests that 200 DEMA and psychological 10000 zones could arrest the immediate fall on market.
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ReplyDeleteNickel futures were trading higher during the noon trade in the domestic market on Thursday.
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