Sensex, Nifty stay under pressure amid US rate hike worries :17/10/2016 13:33
Click Here & Register To Get 2 days Trial Tips
At 1:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27581.57, down by 92.03 points or by 0.33 per cent, and the NSE Nifty was at 8534.75, down by 48.65 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 27517.18, while the NSE Nifty touched intraday high of 8615.4 and intraday low of 8518.4.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1320.50,-2.69%), Hero MotoCorp Ltd. (Rs. 3419.00,-1.81%), HDFC Bank Ltd. (Rs. 1240.00,-1.70%), Asian Paints Ltd. (Rs. 1187.95,-1.65%), Bharti Airtel Ltd. (Rs. 300.90,-1.62%), among others.
Meanwhile, ICICI Bank Ltd. (Rs. 258.00,+6.68%), NTPC Ltd. (Rs. 147.00,+1.45%), Coal India Ltd. (Rs. 315.20,+0.69%), Axis Bank Ltd. (Rs. 523.80,+0.61%), State Bank of India (Rs. 253.30,+0.56%), among others, among top gainers on BSE.
On the sectoral front, auto and realty stocks were leading the decline, falling as much as 1.54 per cent and 1.18 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2906, shares advanced were 1278 while 1439 shares declined and 189 were unchanged.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The Indian equities continued to witness selling pressure in noon session of day’s trade amid selling across rate sensitive 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 curbs risk taking appetiteAt 1:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27581.57, down by 92.03 points or by 0.33 per cent, and the NSE Nifty was at 8534.75, down by 48.65 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 27517.18, while the NSE Nifty touched intraday high of 8615.4 and intraday low of 8518.4.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1320.50,-2.69%), Hero MotoCorp Ltd. (Rs. 3419.00,-1.81%), HDFC Bank Ltd. (Rs. 1240.00,-1.70%), Asian Paints Ltd. (Rs. 1187.95,-1.65%), Bharti Airtel Ltd. (Rs. 300.90,-1.62%), among others.
Meanwhile, ICICI Bank Ltd. (Rs. 258.00,+6.68%), NTPC Ltd. (Rs. 147.00,+1.45%), Coal India Ltd. (Rs. 315.20,+0.69%), Axis Bank Ltd. (Rs. 523.80,+0.61%), State Bank of India (Rs. 253.30,+0.56%), among others, among top gainers on BSE.
On the sectoral front, auto and realty stocks were leading the decline, falling as much as 1.54 per cent and 1.18 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2906, shares advanced were 1278 while 1439 shares declined and 189 were unchanged.
