The Indian Market Started Strongly Sensex and Nifty Green Signal

Signals from international markets, the Indian market has started strongly. Sensex and Nifty is trading with a gain of 0.50 per cent. Sensex has crossed the 28,000 level. However, the Nifty is trading above 8,500. In today's trading on the NSE except FMCG sector index remains bullish environment.


The BSE 30-share Sensex index 0.50 percent, with the primary level is 28 125. However, the Nifty is trading above 8050 surged 0.50 percent. The market is as yet surging ahead with major support from metals, IT, autos. The Sensex is up 248.43 points or 0.9 percent at 28181.33 and the Nifty is up 65.40 points or 0.8 percent at 8519.50. Around 1611 shares have advanced, 658 shares declined, and 132 shares are unchanged.


Top gainers in the Sensex are Maruti, Tata Motors, M&M, ONGC and Reliance.


China's economy grew an annual 7 percent in the second quarter, steady with the past quarter and slightly better than analysts' forecasts, though further stimulus is still expected after the quarter ended with a stock market crash. It has been a difficult year for the world's second-largest economy. Slowing growth in trade, investment and domestic demand has been compounded by a cooling property sector, deflationary pressure, and most recently a stock market crash, So the recent sequence of data releases showing signs of improvement may help buttress faltering confidence in the effectiveness of prior policy support measures.


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