Mid-Session: Sensex, Nifty edge lower in range bound trade; CDS, realty stocks down : 19/12/2016 12:30

Mid-Session: Sensex, Nifty edge lower in range bound trade; CDS, realty stocks down : 19/12/2016 12:30
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The key domestic benchmark continued to trade lower in late morning deal on Monday, on sustained selling by foreign portfolio investors and funds, tracking weak trend from fellow Asian peers, as sentiment remained fragile after the US Federal Reserve raised interest rate. Lack of any major cues from domestic or global front also kept investors sidelined

At 12:18 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26420.33, down by 69.23 points or by 0.26 per cent, and the NSE Nifty was at 8119.35, down by 20.1 points or by 0.25 per cent.

In the day’s trade so far, the BSE Sensex touched intraday high of 26505.66 and intraday low of 26369.28, while the NSE Nifty touched intraday high of 8132.5 and intraday low of 8105.35.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 638.05,-1.40%), Asian Paints Ltd. (Rs. 888.50,-1.38%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.80,-1.18%), Maruti Suzuki India Ltd. (Rs. 5130.10,-1.03%), Axis Bank Ltd. (Rs. 468.30,-0.94%), among others.

On the flip side, GAIL (India) Ltd. (Rs. 423.80,+2.10%), ICICI Bank Ltd. (Rs. 257.80,+0.86%), Lupin Ltd. (Rs. 1481.00,+0.85%), Cipla Ltd. (Rs. 569.95,+0.70%), Tata Motors Ltd. (Rs. 475.60,+0.66%), were among top gainers on BSE.

On the sectoral front, consumer durables and realty stocks emerged as top losers, falling as much as 0.91 per cent and 0.61 per cent respectively.

The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2542, shares advanced were 1150 while 1254 shares declined and 138 were unchanged.