Mid-Session: Sensex, Nifty rangebound; Oil & gas weigh : 03/11/2016 12:30
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices remained choppy during the noon trading session with positive bias supported by buying in Hero Moto Corp, ITC and Bharti Airtel. However, the upside was restricted amid selling in oil stocks and weak cues from the global peers.
At 12:22 hours, the 30-share benchmark index was trading at 27537.53 up by 10.31 points or by 0.04 per cent, while the NSE Nifty was at 8516.5 up by 2.5 points or by 0.03 per cent.
A bout of volatility was witnessed triggered by uncertainty over the outcome of the upcoming US presidential election. Foreign portfolio investors have been steadily paring their bullish derivatives bets on Indian stocks in the run-up to the US elections next week.
Investors sentiments got some boost on report that India’s services sector activity gathered pace in October, driven by sharper increase in new business orders amid strong demand and improved market conditions. The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 54.5 in October as against 52.0 in September.
In the volatile trade so-far, Sensex touched intraday high of 27600.74 and intraday low of 27446.31 The NSE Nifty touched intraday high of 8537.65 and intraday low of 8489.6. The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3380.70,+1.70%), ITC Ltd. (Rs. 239.85,+1.07%), Bharti Airtel Ltd. (Rs. 311.75,+0.73%), GAIL (India) Ltd. (Rs. 431.20,+0.56%), Hindustan Unilever Ltd. (Rs. 846.10,+0.55%), among others.
The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 270.85,-2.34%), Wipro Ltd. (Rs. 451.75,-1.35%), Asian Paints Ltd. (Rs. 1049.05,-1.22%), Adani Ports & Special Economic Zone Ltd. (Rs. 296.50,-1.12%), Lupin Ltd. (Rs. 1479.20,-1.09%), among others.
Among the sectors, Metal index was at 10684.8 up by 106.44 points or by 1.01%. Hindalco Industries Ltd. (Rs. 164.80,+5.40%), Steel Authority of India (SAIL) Ltd. (Rs. 52.50,+2.14%), Vedanta Ltd. (Rs. 222.10,+1.76%), Hindustan Zinc Ltd. (Rs. 271.55,+0.69%), Jindal Steel & Power Ltd. (Rs. 75.20,+0.67%),.
On the flip side, Oil&Gas index was at 11896.52 down by -79.18 points or by -0.66%. Oil And Natural Gas Corporation Ltd. (Rs. 270.85,-2.34%), Petronet LNG Ltd. (Rs. 362.35,-1.27%), Bharat Petroleum Corporation Ltd. (Rs. 652.35,-1.15%), Hindustan Petroleum Corporation Ltd. (Rs. 449.25,-0.71%), Oil India Ltd. (Rs. 410.50,-0.19%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2891, shares advanced were 1713 while 1045 shares declined and 133 were unchanged.
On the global front, Asian peers were mostly trading red as the US Fed in its two-day meeting decided to maintain status quo and kept policy unchanged but signaled that a move to raise interest rates next month was probably on the cards, with the case for policy tightening continuing to strengthen amid quickening inflation.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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At 12:22 hours, the 30-share benchmark index was trading at 27537.53 up by 10.31 points or by 0.04 per cent, while the NSE Nifty was at 8516.5 up by 2.5 points or by 0.03 per cent.
A bout of volatility was witnessed triggered by uncertainty over the outcome of the upcoming US presidential election. Foreign portfolio investors have been steadily paring their bullish derivatives bets on Indian stocks in the run-up to the US elections next week.
Investors sentiments got some boost on report that India’s services sector activity gathered pace in October, driven by sharper increase in new business orders amid strong demand and improved market conditions. The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 54.5 in October as against 52.0 in September.
In the volatile trade so-far, Sensex touched intraday high of 27600.74 and intraday low of 27446.31 The NSE Nifty touched intraday high of 8537.65 and intraday low of 8489.6. The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3380.70,+1.70%), ITC Ltd. (Rs. 239.85,+1.07%), Bharti Airtel Ltd. (Rs. 311.75,+0.73%), GAIL (India) Ltd. (Rs. 431.20,+0.56%), Hindustan Unilever Ltd. (Rs. 846.10,+0.55%), among others.
The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 270.85,-2.34%), Wipro Ltd. (Rs. 451.75,-1.35%), Asian Paints Ltd. (Rs. 1049.05,-1.22%), Adani Ports & Special Economic Zone Ltd. (Rs. 296.50,-1.12%), Lupin Ltd. (Rs. 1479.20,-1.09%), among others.
Among the sectors, Metal index was at 10684.8 up by 106.44 points or by 1.01%. Hindalco Industries Ltd. (Rs. 164.80,+5.40%), Steel Authority of India (SAIL) Ltd. (Rs. 52.50,+2.14%), Vedanta Ltd. (Rs. 222.10,+1.76%), Hindustan Zinc Ltd. (Rs. 271.55,+0.69%), Jindal Steel & Power Ltd. (Rs. 75.20,+0.67%),.
On the flip side, Oil&Gas index was at 11896.52 down by -79.18 points or by -0.66%. Oil And Natural Gas Corporation Ltd. (Rs. 270.85,-2.34%), Petronet LNG Ltd. (Rs. 362.35,-1.27%), Bharat Petroleum Corporation Ltd. (Rs. 652.35,-1.15%), Hindustan Petroleum Corporation Ltd. (Rs. 449.25,-0.71%), Oil India Ltd. (Rs. 410.50,-0.19%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2891, shares advanced were 1713 while 1045 shares declined and 133 were unchanged.
On the global front, Asian peers were mostly trading red as the US Fed in its two-day meeting decided to maintain status quo and kept policy unchanged but signaled that a move to raise interest rates next month was probably on the cards, with the case for policy tightening continuing to strengthen amid quickening inflation.
