Post Session-Bearish finish at Dalal Street as cautious sentiment weighs:01/11/2016 15:58
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks ended lower on Tuesday as Dalal Street investors cast aside upbeat Indian manufacturing data, instead focusing on key global developments including the looming US Presidential elections, the Federal Reserve & Bank of England policy meet and US payrolls data this week, curbing risk taking appetite.
The 30-share BSE SENSEX closed at 27,876.61, down by 53.6 points or by 0.19 per cent and the NSE Nifty ended at 8,626.25, up by 0.55 points.
The BSE Sensex touched intraday high of 28,029.8 and intraday low of 27,845.63 The NSE Nifty touched intraday high of 8,669.6 and intraday low of 8,614.5.
The Indian infrastructure sector expanded the most in three months, growing at 5 per cent in September 2016 while the gauge measuring manufacturing climbed to a 22-month high at 54.4 in October from 52.1 in September, with a reading above 50 signaling expansion, signaling a pickup in Asia’s third biggest economy, curbing losses in local stocks.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (up 3.23 per cent), NTPC Ltd. (up 2.48 per cent), Housing Development Finance Corporation Ltd. (up 2.26 per cent), Coal India Ltd. (up 1.18 per cent) and Power Grid Corporation of India Ltd. (up 1.14 per cent), among others.
On the Sectoral front, Metal & Power rallied 3.34 per cent and 0.66 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3175, shares advanced were 1533 while 1532 shares declined and 110 were unchanged.
Asian stocks rose as China’s manufacturing gauge hit an over two-year high in October, signaling strength in the world’s second biggest economy. The China official manufacturing PMI rose to the highest level since July 2014 at 51.2 in October from 50.4 in September. Shanghai Composite and Hang Seng rose while Nikkei 225 climbed after the Bank of Japan stuck to its record monetary easing plan while delaying the timeline for reaching the inflation target beyond the term of central bank governor Haruhiko Kuroda. Traders are eying the Fed policy decision on Wednesday with the world’s biggest central bank likely to keep interest rates steady ahead of the November 8 US elections.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equity benchmarks ended lower on Tuesday as Dalal Street investors cast aside upbeat Indian manufacturing data, instead focusing on key global developments including the looming US Presidential elections, the Federal Reserve & Bank of England policy meet and US payrolls data this week, curbing risk taking appetite.
The 30-share BSE SENSEX closed at 27,876.61, down by 53.6 points or by 0.19 per cent and the NSE Nifty ended at 8,626.25, up by 0.55 points.
The BSE Sensex touched intraday high of 28,029.8 and intraday low of 27,845.63 The NSE Nifty touched intraday high of 8,669.6 and intraday low of 8,614.5.
The Indian infrastructure sector expanded the most in three months, growing at 5 per cent in September 2016 while the gauge measuring manufacturing climbed to a 22-month high at 54.4 in October from 52.1 in September, with a reading above 50 signaling expansion, signaling a pickup in Asia’s third biggest economy, curbing losses in local stocks.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (up 3.23 per cent), NTPC Ltd. (up 2.48 per cent), Housing Development Finance Corporation Ltd. (up 2.26 per cent), Coal India Ltd. (up 1.18 per cent) and Power Grid Corporation of India Ltd. (up 1.14 per cent), among others.
On the Sectoral front, Metal & Power rallied 3.34 per cent and 0.66 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3175, shares advanced were 1533 while 1532 shares declined and 110 were unchanged.
Asian stocks rose as China’s manufacturing gauge hit an over two-year high in October, signaling strength in the world’s second biggest economy. The China official manufacturing PMI rose to the highest level since July 2014 at 51.2 in October from 50.4 in September. Shanghai Composite and Hang Seng rose while Nikkei 225 climbed after the Bank of Japan stuck to its record monetary easing plan while delaying the timeline for reaching the inflation target beyond the term of central bank governor Haruhiko Kuroda. Traders are eying the Fed policy decision on Wednesday with the world’s biggest central bank likely to keep interest rates steady ahead of the November 8 US elections.
