INSUBCONTINENT EXCLUSIVE:
Share markets on Tuesday: Domestic stock markets closed Monday's session at new peaksTracking positive global cues, domestic stock markets
at an all-time high of 38,880.47
Nifty50 traded at 11,733.75, with a gain of 41.80 points or 0.36 per cent
Trading sentiments remained extremely bullish largely in tandem with a firm trend at other Asian bourses, taking another record lead from
Major gainers in the 30-share Sensex pack in the session were NTPC (+1.60%), Coal India (+1.56%), Vedanta (+1.29%), Bharti Airtel (+1.28%),
Kotak Bank (+0.83%) and Induslnd Bank (+0.83%)
Reliance, HDFC and NTPC were among main contributors to the gains in Sensex.NTPC (+4.60%), GAIL (+2.84%), Cipla (+1.75%), Coal India
(+1.60%) and Asian Paints (+1.30%) led the pack of Nifty gainers."Nifty is continuing to march into the uncharted territory and the uptick
is clearly showing a strong uptrend
On the daily chart front it is oscillating in an escalating channel where the overhead resistance is placed near 11800", said Dyaneshwar
Padwal, AVP Technical Analyst, KIFS Trade Capital.According to brokers, sentiment got a lift following an improvement in liquidity in the
indices to new highs.Asian shares advanced on Tuesday and the US dollar hovered near one-month lows as a US-Mexico deal to overhaul the
North American Free Trade Agreement boosted risk appetite
Today, Investors will stay focused on US economic data with consumer confidence figures due later in the day and the latest estimate for
second-quarter gross domestic product expected on Wednesday.In global sector, oil prices were buoyant today with brent up 9 cents at
$0.76.30 a barrel and US crude 5 cents firmer at $68.92
losers on Sensex pack in the morning session were Bajaj Auto (-0.12%), Hindustan Unilever (-0.35%), Axis Bank (-0.41%) and YES Bank (-1.33%)
Petroleum (-0.36%).Domestic stock markets closed Monday's session at new peaks, driven by widespread buying in banking, power and metal
stocks amid positive global cues
The SP BSE Sensex registered a record closing high of 38,694.11
The NSE's Nifty50 index settled at 11,691.95, also its highest closing level
