Mid Session: Markets extend losses; Sun Pharma, Dr. Reddy’s Lab top losers:04/11/2016 12:23
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices were trading in the afternoon trading session on concerns over the Presidential election outcome amid lackluster economic data.
The sentiments remained weak as participants indulged in cutting their bets, tracking a falling trend in global market as investors fret over next week’s US president election.
The focus will on the shares of Central Bank of India, Pfizer and Union Bank of India as they reveal their September quarter earnings numbers.
At 12:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27385.34 down by 44.94 points or by 0.16 per cent, while the NSE Nifty was at 8457.15 points, trading lower by 27.8 points or by 0.33 per cent.
The BSE Sensex touched an intraday high of 27498.91 and an intraday low of 27300.02 while the NSE Nifty touched an intraday high of 8504 and an intraday low of 8432.5
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 251.35,+4.58 per cent), Hindustan Unilever Ltd. (Rs. 854.55,+1.76 per cent), Axis Bank Ltd. (Rs. 482.90,+1.55 per cent), Mahindra & Mahindra Ltd. (Rs. 1377.20,+1.37 per cent), Asian Paints Ltd. (Rs. 1049.55,+1.22 per cent), among others.
Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 662.15,-6.08 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3102.00,-4.90 per cent), Lupin Ltd. (Rs. 1403.05,-4.78 per cent), Coal India Ltd. (Rs. 315.35,-3.49 per cent), Hero MotoCorp Ltd. (Rs. 3310.15,-2.05 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2844 shares traded, 568 shares advanced, 2172 shares declined while 104 were unchanged.
On the global front, Asian stocks were trading mixed today as investor sentiment remained cautious ahead of looming US Presidential elections with latest polls showing that Hillary Clinton was only narrowly ahead of her Republican rival Donald Trump.US stocks closed lower in the previous trading session as US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The sentiments remained weak as participants indulged in cutting their bets, tracking a falling trend in global market as investors fret over next week’s US president election.
The focus will on the shares of Central Bank of India, Pfizer and Union Bank of India as they reveal their September quarter earnings numbers.
At 12:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27385.34 down by 44.94 points or by 0.16 per cent, while the NSE Nifty was at 8457.15 points, trading lower by 27.8 points or by 0.33 per cent.
The BSE Sensex touched an intraday high of 27498.91 and an intraday low of 27300.02 while the NSE Nifty touched an intraday high of 8504 and an intraday low of 8432.5
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 251.35,+4.58 per cent), Hindustan Unilever Ltd. (Rs. 854.55,+1.76 per cent), Axis Bank Ltd. (Rs. 482.90,+1.55 per cent), Mahindra & Mahindra Ltd. (Rs. 1377.20,+1.37 per cent), Asian Paints Ltd. (Rs. 1049.55,+1.22 per cent), among others.
Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 662.15,-6.08 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3102.00,-4.90 per cent), Lupin Ltd. (Rs. 1403.05,-4.78 per cent), Coal India Ltd. (Rs. 315.35,-3.49 per cent), Hero MotoCorp Ltd. (Rs. 3310.15,-2.05 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2844 shares traded, 568 shares advanced, 2172 shares declined while 104 were unchanged.
On the global front, Asian stocks were trading mixed today as investor sentiment remained cautious ahead of looming US Presidential elections with latest polls showing that Hillary Clinton was only narrowly ahead of her Republican rival Donald Trump.US stocks closed lower in the previous trading session as US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month.
