Snapping the three days long losing streak, the domestic markets ended the day stronger as consumer stocks (stock cash tips) gained on hopes lower inflation and a larger-than-expected rate cut by the central bank in September would boost spending in the coming festive season.
The S&P BSE Sensex reclaims its crucial psychological level of 27,000 and ended the day 230 points up at 27,010.14, while broader CNX Nifty quoted 8179.50, up 71.60 points.
Market (Commodity tips, equity tips) sentiment remained positive with 21 of the 30 stocks ending the day in green.
Tata Motors was the top Sensex gainer and ended the day 8 per cent up after the auto major said its Jaguar Land Rover (JLR) sold 47,634 units globally in September, up 3 per cent compared to the same month last year.
Dalal Street also followed positive trend seen in other Asian markets as the US job data released on Wednesday dampened prospects of Federal rate hikes.
"We continue to expect the Nifty to remain within a small range of 8,250 to 8,050 whilst the 8,250 mark is likely to act as a major hurdle for the bulls. It's advisable to stay light on positions and focus more on stock specific moves," said Angel Broking in a report.
For further information regarding Sensex and many others like option trading tips, MCX trading tips (8109999233 or www.equityresearchlab.com) fill free trial form and get updated news.
The S&P BSE Sensex reclaims its crucial psychological level of 27,000 and ended the day 230 points up at 27,010.14, while broader CNX Nifty quoted 8179.50, up 71.60 points.
Market (Commodity tips, equity tips) sentiment remained positive with 21 of the 30 stocks ending the day in green.
Tata Motors was the top Sensex gainer and ended the day 8 per cent up after the auto major said its Jaguar Land Rover (JLR) sold 47,634 units globally in September, up 3 per cent compared to the same month last year.
Dalal Street also followed positive trend seen in other Asian markets as the US job data released on Wednesday dampened prospects of Federal rate hikes.
"We continue to expect the Nifty to remain within a small range of 8,250 to 8,050 whilst the 8,250 mark is likely to act as a major hurdle for the bulls. It's advisable to stay light on positions and focus more on stock specific moves," said Angel Broking in a report.
For further information regarding Sensex and many others like option trading tips, MCX trading tips (8109999233 or www.equityresearchlab.com) fill free trial form and get updated news.
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