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Sensex Higher Ahead Of US Non Farm Payrolls Data

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Benchmark indices opened the day higher even as global markets awaited the US non farm payrolls data, due later today.

 

Sensex Higher Ahead Of US Non Farm Payrolls Data
A strong reading of the data, may push the US Federal Reserve to hike interest rates as early as Sept. This kept most global markets on the tenterhook, even as Asian markets were subdued.

The Sensex was trading with gains of 80 points, while the Nifty rallied 16 points in trade. Leading the set of gainers in trade were stocks like Hero Motor Corp, which hit a neew lifetime high of Rs 3600, after volumes for the month of Aug, surpassed expectations.

Idea Cellular contiued to drop for the second day in a row, following the pricing strategy uneviled by Reliance Jio. The stock was down another 2 per cent in trade and hit a fresh 52-week low of Rs 82 on the NSE.

Bharti Airtel was marginally down in trade. Shares in Welspun India were locked at the upper end of the circuit filter for the second day in a row.

HCC too was locked at the upper end of the circuit filter and was now up 60 per cent in three trading sessions.

Hindustan Unilever, Reliance and Larsen and Toubro were among the few losers in trade. Meanwhile, the rupee opened at a fresh 52-week high of 66.81 against the dollar, on less than anticipated demand for the dollar.

GoodReturns.in

Read more about: sensex nifty
Story first published: Friday, September 2, 2016, 9:25 [IST]
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