Sensex, Nifty stay under selling pressure; CDS, metal stocks drag:21/10/2016 13:28
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices continued to trade lower, led by losses in consumer durables and metal stocks, amid flattish trade in most markets across Asia curbing risk taking appetite.
At 1:17 PM, the Bombay Stock Exchange bellwether Sensex was at 28026.13, down by 103.71 points or by 0.37 per cent, and the NSE Nifty was at 8672.95, down by 26.45 points or by 0.3 per cent.
On the economic front, the RBI has allowed 100 per cent FDI in regulated financial services companies excluding banks and insurance companies, a move aimed at boosting foreign investment in Asia’s third biggest economy.
During the day’s trade so far, the BSE Sensex touched an intraday high of 28163.41 and intraday low of 27957.92, while the NSE Nifty touched intraday high of 8709.1 and intraday low of 8652.05
The top losers of the BSE Sensex pack were Cipla Ltd. (Rs. 579.55,-2.60%), Reliance Industries Ltd. (Rs. 1061.70,-2.46%), Axis Bank Ltd. (Rs. 528.00,-2.00%), Asian Paints Ltd. (Rs. 1151.45,-1.35%), Housing Development Finance Corporation Ltd. (Rs. 1342.10,-1.25%), among others.
Meanwhile, Dr. Reddy's Laboratories Ltd. (Rs. 3127.70,+1.69%), Hindustan Unilever Ltd. (Rs. 849.40,+1.05%), Tata Consultancy Services Ltd. (Rs. 2416.50,+0.69%), Wipro Ltd. (Rs. 498.15,+0.53%), HDFC Bank Ltd. (Rs. 1260.75,+0.43%), were among the top gainers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2910, shares advanced were 1399 while 1279 shares declined and 232 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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At 1:17 PM, the Bombay Stock Exchange bellwether Sensex was at 28026.13, down by 103.71 points or by 0.37 per cent, and the NSE Nifty was at 8672.95, down by 26.45 points or by 0.3 per cent.
On the economic front, the RBI has allowed 100 per cent FDI in regulated financial services companies excluding banks and insurance companies, a move aimed at boosting foreign investment in Asia’s third biggest economy.
During the day’s trade so far, the BSE Sensex touched an intraday high of 28163.41 and intraday low of 27957.92, while the NSE Nifty touched intraday high of 8709.1 and intraday low of 8652.05
The top losers of the BSE Sensex pack were Cipla Ltd. (Rs. 579.55,-2.60%), Reliance Industries Ltd. (Rs. 1061.70,-2.46%), Axis Bank Ltd. (Rs. 528.00,-2.00%), Asian Paints Ltd. (Rs. 1151.45,-1.35%), Housing Development Finance Corporation Ltd. (Rs. 1342.10,-1.25%), among others.
Meanwhile, Dr. Reddy's Laboratories Ltd. (Rs. 3127.70,+1.69%), Hindustan Unilever Ltd. (Rs. 849.40,+1.05%), Tata Consultancy Services Ltd. (Rs. 2416.50,+0.69%), Wipro Ltd. (Rs. 498.15,+0.53%), HDFC Bank Ltd. (Rs. 1260.75,+0.43%), were among the top gainers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2910, shares advanced were 1399 while 1279 shares declined and 232 were unchanged.
