Markets remain firm; Bajaj Auto, Hero MotoCorp shares advance Analysis for Nov 19, 2015

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The key domestic benchmark indices were trading in a positive terrain as the markets remained firm during the afternoon trading session on Thursday amid positive Asian cues.

The market witnessed all-round buying by participants, led by gains in the index heavyweights such as Hero MotoCorp, Maruti, ICICI Bank, Bajaj Auto and Vedanta.

At 01:20 PM, the Bombay Stock Exchange bellwether Sensex was at 25822.74 up by 340.22 points or by 1.34 per cent, while the NSE Nifty was at 7820.05 points, trading higher by 88.25 points or by 1.14 per cent as the markets witnessed buying activity in the auto, IT and banking sector stocks.

The BSE Sensex touched an intraday high of 25823.88 and an intraday low of 25603.1 while the NSE Nifty touched an intraday high of 7825.4 and an intraday low of 7765.45

The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2425.00,+3.38 per cent), Hero MotoCorp Ltd. (Rs. 2658.40,+3.37 per cent), ICICI Bank Ltd. (Rs. 266.80,+2.52 per cent), Reliance Industries Ltd. (Rs. 934.00,+2.37 per cent), Maruti Suzuki India Ltd. (Rs. 4637.00,+2.24 per cent), among others.

Meanwhile, Dr. Reddy's Laboratories Ltd. (Rs. 3318.50,-1.69 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 750.10,-0.51 per cent), NTPC Ltd. (Rs. 133.05,-0.08 pwer cent), Coal India Ltd. (Rs. 334.75,-0.06 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2734 shares traded, 1673 shares advanced, 856 shares declined while 205 were unchanged.

Globally, the Asian peers were trading higher today after the US Federal Reserve's meeting minutes sent strong signals of a rate increase in December. Also, US stocks rallied yesterday after minutes from last month's Federal Reserve meeting showed most officials anticipated economic conditions could be strong enough for a December interest-rate increase.

Story first published: Thursday, November 19, 2015, 13:36 [IST]
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