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Indian shares extend gains, with key benchmarks advancing to over six-month high led by a reversal in bank stocks and metal makers extending their rally for a second day.
A recovery in European shares, led by mining stocks on surging commodities prices helped equities break out of their tight intraday range.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
The S&P BSE Sensex climbed 0.3 percent to 28,761 while the NSE Nifty rose 0.3 percent as well to close above the 8,900-mark for the first time since September 08, 2016. The market breadth was skewed in favour of the bulls. About 980 stocks advanced, 699 declined and 305 remained unchanged on the NSE.
Indian shares extend gains, with key benchmarks advancing to over six-month high led by a reversal in bank stocks and metal makers extending their rally for a second day.
A recovery in European shares, led by mining stocks on surging commodities prices helped equities break out of their tight intraday range.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
The S&P BSE Sensex climbed 0.3 percent to 28,761 while the NSE Nifty rose 0.3 percent as well to close above the 8,900-mark for the first time since September 08, 2016. The market breadth was skewed in favour of the bulls. About 980 stocks advanced, 699 declined and 305 remained unchanged on the NSE.
Barring the S&P BSE Telecom, S&P BSE Information Technology and S&P BSE TECK indexes, all other 16 sectoral gauges on the exchange advanced.
Indian shares extend gains, with key benchmarks advancing to over six-month high led by a reversal in bank stocks and metal makers extending their rally for a second day.
A recovery in European shares, led by mining stocks on surging commodities prices helped equities break out of their tight intraday range.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
The S&P BSE Sensex climbed 0.3 percent to 28,761 while the NSE Nifty rose 0.3 percent as well to close above the 8,900-mark for the first time since September 08, 2016. The market breadth was skewed in favour of the bulls. About 980 stocks advanced, 699 declined and 305 remained unchanged on the NSE.
Indian shares extend gains, with key benchmarks advancing to over six-month high led by a reversal in bank stocks and metal makers extending their rally for a second day.
A recovery in European shares, led by mining stocks on surging commodities prices helped equities break out of their tight intraday range.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
The S&P BSE Sensex climbed 0.3 percent to 28,761 while the NSE Nifty rose 0.3 percent as well to close above the 8,900-mark for the first time since September 08, 2016. The market breadth was skewed in favour of the bulls. About 980 stocks advanced, 699 declined and 305 remained unchanged on the NSE.
Barring the S&P BSE Telecom, S&P BSE Information Technology and S&P BSE TECK indexes, all other 16 sectoral gauges on the exchange advanced.
Shares fall as much as 5.8 percent, most since November 15 on volume around 64 times its three-month full-day average. It was also the most traded Indian stock by value and volume.
Indian shares climbed marginally higher, with key benchmarks extending their advance for a fourth session, as metal makers continued to rally on higher prices and extension in an anti-dumping duty.
The S&P BSE Sensex gained 0.2 percent to 28,726 while the NSE Nifty 50 rose as much as 0.2 percent to 8,897. The market breadth was also encouraging with more number of buyers than sellers. About 1,009 stocks advances, 448 declined and 439 remained unchanged.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
Indian shares climbed marginally higher, with key benchmarks extending their advance for a fourth session, as metal makers continued to rally on higher prices and extension in an anti-dumping duty.
The S&P BSE Sensex gained 0.2 percent to 28,726 while the NSE Nifty 50 rose as much as 0.2 percent to 8,897. The market breadth was also encouraging with more number of buyers than sellers. About 1,009 stocks advances, 448 declined and 439 remained unchanged.
Brokers said that a pick-up in buying activity coupled with covering-up of short position by speculators in the face of February month's expiry in the derivatives segment on Thursday had a positive impact too.
Movers & Shakers: Tata Consultancy Services, Ambuja Cements, Gammon India And More
#BQWatchList | Infosys' defence to Max Financial block deal, @AgamVakil gets you the 5 things to watch today. https://t.co/frtPMu3lcl pic.twitter.com/kI8tVO0r2F
— BloombergQuint (@BloombergQuint) February 21, 2017For a complete list of stocks to watch in today’s trade, click HERE
Mumbai votes even as GST threatens its revenue, reports @abhavam. https://t.co/F1ViB9BJXt pic.twitter.com/k1kp2advrT
— BloombergQuint (@BloombergQuint) February 21, 2017
The 6 main challenges that new Tata Sons chief will have to deal with, reports @sajeetkm. https://t.co/aIP2C6WXVS
— BloombergQuint (@BloombergQuint) February 21, 2017
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The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, edged 0.1 percent higher to 8,887.
Asian stocks climbed in early trade, as investors backed away from haven assets and dollar strengthened after a Federal Reserve official said a March interest rate hike is not off the table.
The pound was the strongest among G-10 currencies as a debate among British lawmakers headed into a second day. Traders are awaiting earnings from HSBC Holdings Plc and BHP Billiton Ltd. after a U.S. holiday damped activity on Monday.
Polls from Germany and France rattled investors. Social Democrats' candidate would beat German Chancellor Angela Merkel in a direct leadership vote scheduled for September, according to a survey by broadcaster ZDF. In France, far-right candidate Marine Le Pen gained ground on her rivals, according to the latest collated polls from OpinionLab.
Oil rose above $53 a barrel on optimism over the effectiveness of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producer nations against increasing U.S. supply.
The OPEC and other producers, including Russia, agreed last year to cut output by almost 1.8 million barrels per day in the first half of 2017. Meanwhile, hedge funds raised net-long positions on West Texas Intermediate and Brent to a record, taking a bet that crude oil prices will rally.
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