Stocks kept their winning run going
for a fourth session, Sensex ended with a gain of 36 points at 28,635.
The Sensex opened at 28,627 touched an intra-day high of 28,715 and low of
28,553.The Nifty closed with a gain of 29 points at 8,808. The Nifty
opened at 8,788.45 hitting a high of 8,824 and low of 8,774.20. Nifty ended
marginally higher on Monday amid volatility, thanks to favorable cues both from
the domestic and global front. Firm Asian markets led a positive start but prevailing cautiousness ahead
policy meet of two major central banks, Bank of Japan and US Fed, capped
upside. We reiterate our view to hold positive yet cautious approach till 8800
is intact in Nifty.
UPCOMING EVENTS:
The US Federal Reserve policy
makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed
is expected to keep its benchmark interest rate unchanged in the wake of recent
downbeat US economic indicators. The Fed left the target range for its federal
funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016
meeting.
TOP GAINERS: TCS, ICICI Bank, ONGC, Asian Paints
and Adani Ports
TOP LOSERS: Maruti Suzuki, Bajaj Auto, HDFC,
ITC and Axis Bank
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