Derek Higa of William O'Neil said the MSCI Asia continued to trend near all-time highs constructively despite distribution days being at an elevated level across markets.
He remained bullish on the region.
According to him, the strongest in the region are India, South Korea and Hong Kong which he continued to advise being overweight on.
Shares of Just Dial rose 5 percent in morning as the company will consider buyback of its equity shares.
The meeting of board of directors of the company is scheduled to be held on July 24, to consider the unaudited financial results for the quarter ended June 2017.
In the said meeting the board will also consider a proposal for buyback of equity shares of the company.
Equity benchmarks opened moderately higher, with the Sensex reclaiming 32,000 level, backed by Reliance Industries and ITC. Nifty Bank also started off with 100 points gains.
The 30-share BSE Sensex was up 62.88 points at 32,018.23 and the 50-share NSE Nifty gained 14.40 points at 9,914.00. About two shares advanced for every share falling on the BSE.
HPCL was down 4 percent while ONGC gained 1.6 percent after cabinet gave ONGC in-principle approval to buy government’s stake in HPCL.
Coal India, ITC, Kotak Mahindra Bank and Bharti Airtel were early gainers among largescaps.
In the broader space, Canara Bank, Mindtree, KPIT Technologies and Marico fell up to 4 percent while Just Dial, Sintex Industries, Balrampur Chini, Triveni Engineering, Bajaj Hindusthan, Mastek, Tata Elxsi, Jain Irrigation, Sterlite Technologies and MRPL gained nearly 7 percent.
To
Get Free Trial on stock market tips,equity trading tips give
Missed
call @8817002233,WHATSAPP NO. 8602780449
Mail
Us = starindiamarket@gmail.com
No comments:
Post a Comment