Post Session-Sensex ends in the read for 5th straight day on global fears : 04/11/2016 16:29
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks closed lower for a fifth straight session on Friday as heightened uncertainty surrounding the looming US Presidential elections coupled with fears of a US Federal Reserve interest rate hike curbed risk taking appetite, taking toll on stocks worldwide.
The BSE SENSEX closed at 27,274.15, down by 156.13 points or by 0.57 per cent and the NSE Nifty ended at 8,433.75, down by 51.2 points or by 0.6 per cent. The BSE Sensex touched intraday high of 27,498.91 and intraday low of 27,193.61 The NSE Nifty touched intraday high of 8,504 and intraday low of 8,400.25.
With opinions polls showing a dwindling lead for Democrat candidate Hillary Clinton following her FBI email fiasco, traders are exercising extra caution, dreading a victory for Republican hopeful and controversy ridden former reality TV star Donald Trump. Jitters over US elections come as uncertainty surrounds UK’s Brexit plan while the US Fed gets ready to raise interest rates with Friday’s payrolls data likely to indicate a tightening labour market.
Pharma stocks were hit hard after a Bloomberg report said that US prosecutors may file charges by the end of the year in a criminal investigation of generic makers over suspected price collusion.
The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (down 7.41 per cent), Dr. Reddy's Laboratories Ltd. (down 5.67 per cent), Lupin Ltd. (down 3.57 per cent), Coal India Ltd. (down 3.44 per cent) and Hero MotoCorp Ltd. (down 2.86 per cent), among others.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3190, shares advanced were 771 while 2294 shares declined and 125 were unchanged.
Asian stocks fell amid caution ahead of next week’s US Presidential elections and Friday’s US jobs data which may bolster the case for a Fed December rate hike. Shanghai Composite and Hang Seng succumbed to modest losses while Nikkei 225 tumbled over 1 per cent as a stronger yen curbed the lure for exporter stocks.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The BSE SENSEX closed at 27,274.15, down by 156.13 points or by 0.57 per cent and the NSE Nifty ended at 8,433.75, down by 51.2 points or by 0.6 per cent. The BSE Sensex touched intraday high of 27,498.91 and intraday low of 27,193.61 The NSE Nifty touched intraday high of 8,504 and intraday low of 8,400.25.
With opinions polls showing a dwindling lead for Democrat candidate Hillary Clinton following her FBI email fiasco, traders are exercising extra caution, dreading a victory for Republican hopeful and controversy ridden former reality TV star Donald Trump. Jitters over US elections come as uncertainty surrounds UK’s Brexit plan while the US Fed gets ready to raise interest rates with Friday’s payrolls data likely to indicate a tightening labour market.
Pharma stocks were hit hard after a Bloomberg report said that US prosecutors may file charges by the end of the year in a criminal investigation of generic makers over suspected price collusion.
The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (down 7.41 per cent), Dr. Reddy's Laboratories Ltd. (down 5.67 per cent), Lupin Ltd. (down 3.57 per cent), Coal India Ltd. (down 3.44 per cent) and Hero MotoCorp Ltd. (down 2.86 per cent), among others.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3190, shares advanced were 771 while 2294 shares declined and 125 were unchanged.
Asian stocks fell amid caution ahead of next week’s US Presidential elections and Friday’s US jobs data which may bolster the case for a Fed December rate hike. Shanghai Composite and Hang Seng succumbed to modest losses while Nikkei 225 tumbled over 1 per cent as a stronger yen curbed the lure for exporter stocks.
