Mid-Session: Sensex tumbles 125 pts, Nifty trades below 8,550; realty, auto stocks drag : 17/10/2016 12.33
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The Indian equities slipped in the negative terrain in late morning deal on Monday, led by sharp fall in realty and auto stocks, tracking negative cues from most markets across Asia as bets that the US Federal Reserve is moving closer to tightening interest rates curbed risk taking appetite
At 12:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27547.34, down by 126.26 points or by 0.46 per cent, and the NSE Nifty was at 8534.55, down by 48.85 points or by 0.57 per cent.
Fed Chair Janet Yellen on Friday reiterated her call for gradual rate hikes as robust retail sales data upped the odds of December tightening.
Private sector lender ICICI Bank surged over 6 per cent on the Bombay Stock Exchange after the Essar group signed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98 per cent of its asset to repay loans.
In the day’s trade so far, the BSE Sensex touched intraday high of 27803.21 and intraday low of 27532.81, while the NSE Nifty touched intraday high of 8615.4 and intraday low of 8524.55.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1326.90,-2.22%), HDFC Bank Ltd. (Rs. 1238.45,-1.82%), Bharti Airtel Ltd. (Rs. 300.50,-1.75%), Asian Paints Ltd. (Rs. 1190.05,-1.47%), Hero MotoCorp Ltd. (Rs. 3430.90,-1.47%), among others.
Meanwhile, ICICI Bank Ltd. (Rs. 256.55,+6.08%), NTPC Ltd. (Rs. 146.70,+1.24%), Coal India Ltd. (Rs. 315.50,+0.78%), Axis Bank Ltd. (Rs. 523.15,+0.48%), Hindustan Unilever Ltd. (Rs. 844.80,+0.34%), among top gianers on BSE.
On the sectoral front, realty and auto stocks were leading the decline, falling as much as 1.69 per cent and 1.62 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2788, shares advanced were 1254 while 1369 shares declined and 165 were unchanged.
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The Indian equities slipped in the negative terrain in late morning deal on Monday, led by sharp fall in realty and auto stocks, tracking negative cues from most markets across Asia as bets that the US Federal Reserve is moving closer to tightening interest rates curbed risk taking appetite
At 12:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27547.34, down by 126.26 points or by 0.46 per cent, and the NSE Nifty was at 8534.55, down by 48.85 points or by 0.57 per cent.
Fed Chair Janet Yellen on Friday reiterated her call for gradual rate hikes as robust retail sales data upped the odds of December tightening.
Private sector lender ICICI Bank surged over 6 per cent on the Bombay Stock Exchange after the Essar group signed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98 per cent of its asset to repay loans.
In the day’s trade so far, the BSE Sensex touched intraday high of 27803.21 and intraday low of 27532.81, while the NSE Nifty touched intraday high of 8615.4 and intraday low of 8524.55.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1326.90,-2.22%), HDFC Bank Ltd. (Rs. 1238.45,-1.82%), Bharti Airtel Ltd. (Rs. 300.50,-1.75%), Asian Paints Ltd. (Rs. 1190.05,-1.47%), Hero MotoCorp Ltd. (Rs. 3430.90,-1.47%), among others.
Meanwhile, ICICI Bank Ltd. (Rs. 256.55,+6.08%), NTPC Ltd. (Rs. 146.70,+1.24%), Coal India Ltd. (Rs. 315.50,+0.78%), Axis Bank Ltd. (Rs. 523.15,+0.48%), Hindustan Unilever Ltd. (Rs. 844.80,+0.34%), among top gianers on BSE.
On the sectoral front, realty and auto stocks were leading the decline, falling as much as 1.69 per cent and 1.62 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2788, shares advanced were 1254 while 1369 shares declined and 165 were unchanged.
