Indian share market tips

2 March, Sensex trades above 29,100 mark, Nifty at 8,987

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Business chart with glowing arrows and world map

Indian share markets have opened on Thursday on a positive note tracking positive leads from Asian markets. At 10.20 am, the BSE Sensex is trading higher by 130.60 points at 29,115.09 while the NSE Nifty is trading higher by 41.25 points at 8,987.05. The BSE Mid Cap index was up by 0.57% and BSE Small Cap index was up by 0.55%. The broad market depicted strength. About 1,118 shares rose, 454 shares fell and a total of 58 shares were unchanged.

ICICI Bank, Wipro, Bajaj Auto Tata Motors, GAIL, Hindalco and Tata Motors were early gainers while Dr Reddy’s Labs and Coal India were under pressure.
Overseas, Asian stocks were trading higher. U.S equities surged to all-time highs yesterday, with major indices posting their best day of the year, on the back of Trump’s speech to Congress.

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Strong market breadth goes on

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key benchmark indices carry on further strength in mid-morning trade supported by fresh buying. At 12:25 pm, the BSE Sensex, was up 123.16 points or 0.45% at 27,240.50. The Nifty 50 index was currently up 44.85 points or 0.53% at 8,436.35.
Gains in index heavyweights L&T and HDFC generated gains on the domestic exchange.

After witnessing a positive rally, the key indices kept on extending gains as the trading momentum progressed. Index heavyweight and HDFC gained 1.41% to Rs 1,276.50. The stock hit peak of Rs 1,279.55 and low of Rs 1,260.35 so far during the day.

Overseas, Asian stocks have been trading on a mixed trend despite uncertainty over U.S President Donald Trump’s policies and his withdrawal from the Trans-Pacific Partnership trade deal. U.S stocks fell yesterday, 23 January 2017, but closed off day lows, since investors eyed for more clarity regarding President Donald Trump’s policies.