Nifty tops 10000-mark as global frictions ease, macro data ahead

Nifty tops 10000-mark as global frictions ease, macro data ahead

The key indices traded bullish throughout the session lifted by strong global markets, the index to marked 10,028.65, the relief rally was broadly on account of after North Korea did not conduct another missile test during the weekend on its founding anniversary.

The Nifty rose 0.7% on Monday to close above 10,000 points for the first time in more than a month, as auto makers such as Maruti Suzuki India Ltd gained after an increase in the goods and services tax was less wide-ranging than expected.

HDFC Bank also traded at a fresh 52-week high of Rs 1,829 per share on NSE.

The US Dow Jones Industrial Average had ended 0.06 per cent higher on Friday. The Bombay Stock Exchange Sensex was up 142.44 points at 31,829.96 at 10.45 am and the National Stock Exchange Nifty was 47.25 points above at 9,982.05.

It saw an intra-day movement of about 59.85 points.

Immediate support for Bank Nifty may be placed at 24,500 and resistance at 24,900.

Thousands climb steps at Red Rocks Amphitheatre for September 11 memorial event
September 11th is not forgotten in West Michigan, nor are those who lost their lives to the terrorist attacks 16 years ago. The AFD's Memorial Stair Climb was the nation's first of its kind and it is now emulated across the country.

Among specific stocks, shares of Shares of Larsen and Toubro surged as much as 3.72 per cent to hit Rs 1,226 on NSE, its highest in two years.

Broader markets extended gains with both BSE Midcap index and Smallcap index hitting record high levels at 15,914.33 and 16,457 respectively.

While, M&M fell 1.17 pct, Indiabulls Housing Fin 1.01 pct and Sun Pharma 0.83 pct. The stock gained 2.11% at Rs 1,825.30 per share at 1435 hours on NSE.

Data from the Society of Indian Automobile Manufacturers (SIAM) showed that domestic passenger vehicle sales grew 13.76 per cent in August as consumers tried to make the most of price cuts post GST to beat the cess hike.

Investor wealth as measured in terms of market capitalisation soared by Rs 99,164.33 crore to Rs 134.58 lakh crore.

Related Articles

  • Man City 5-0 Liverpool

    Man City 5-0 Liverpool

    Harry Kane reached his Tottenham century as the England striker's brace inspired an impressive 3-0 win at Everton. Sending off of Sadio Mane for a high foot on goalkeeper Ederson , who was carried off on a stretcher.
    Nintendo Direct Offering Hot Switch and 3DS Action This Week

    Nintendo Direct Offering Hot Switch and 3DS Action This Week

    According to the official Twitter post, Nintendo Direct will be streaming on Wednesday, September 13, at 23:00 BST. The Nintendo Direct will be held the same hump day per usual, but at a later time than you would expect.
    Patty Jenkins is officially directing Wonder Woman 2

    Patty Jenkins is officially directing Wonder Woman 2

    Now according to THR , Jenkins has closed a historic deal to return to direct, co-write and produce Diana's next solo adventure. Considering Wonder Woman is pretty much the only bright spot in the DCEU, that's a very good thing.
  • Saudi govt may have funded 'dry run' for 9/11

    Saudi govt may have funded 'dry run' for 9/11

    Such behavior scared the pilots of that Washington-bound flight and the plane was forced to make an emergency landing in Ohio. After an initial interrogation, however, they were released from Federal Bureau of Investigation custody.
    9/11:The terrorist attack that sent shockwaves across the world

    9/11:The terrorist attack that sent shockwaves across the world

    Two planes smashed into the World Trade Center and a third hit the Pentagon in Washington, killing 184 people. The Capitol, where Pence was at the moment of the attack, was the possible target of the hijacked Flight 93.
    Over 1.4 million lose power in Florida from Irma, utility says

    Over 1.4 million lose power in Florida from Irma, utility says

    It's not going to be what you're seeing in Tampa", he said. "When they told me that", he said, "that's all I needed to hear". In Key West, 60-year-old Carol Walterson Stroud sought refuge in a senior center with her husband, granddaughter and dog.
  • Purchases 40456 Shares of Amazon.com, Inc

    Anderson Hoagland & Communication invested 3.58% in Amazon.com, Inc. (NASDAQ:AMZN). 108,721 are held by Rockefeller Finance Serv. The firm has "Buy" rating given on Friday, August 25 by Needham. (NASDAQ:AMZN) on Tuesday, January 12 with "Outperform" rating.
    South Koreans clash with policemen over deployed missile systems

    South Koreans clash with policemen over deployed missile systems

    THAAD would intercept missiles aimed for the southern half of the peninsula and projectiles targeting the United States. North Korea claims it detonated a hydrogen bomb on Sunday - the latest in a string of missile and nuclear tests .
    Gov. Cooper says he's already preparing for Irma's recovery efforts

    Gov. Cooper says he's already preparing for Irma's recovery efforts

    Local emergency agencies have been taking precaution for Irma as early as last Tuesday . Naples, Fort Myers and Tampa are now expected to bear the brunt of the storm.
  • Windstream Holdings, Inc. (WIN) Expected to Announce Earnings of -$0.39 Per Share

    Currently, 51.24 million total shares are owned by the public and among those 42.22 million shares have been available to trade. COPYRIGHT VIOLATION NOTICE: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes.

    Atwood Oceanics, Inc. (ATW)

    BidaskClub upgraded Atwood Oceanics from a "strong sell" rating to a "sell" rating in a research report on Friday, August 25th. Amp Cap holds 0% or 30,255 shares. 21,195 are held by Blackrock. 10,376 are owned by Bowling Mgmt Limited Liability.
    Irma Has Company as Two Other Hurricanes Make Their Debuts

    Irma Has Company as Two Other Hurricanes Make Their Debuts

    Hurricane-force winds extend outward up to 35 miles from the center and tropical-storm-force winds extend outward up to 115 miles. Further strengthening is possible for Katia but it isn't expected to strengthen above a category 1 storm.