Post Session: Sensex breaches 26K level, Nifty ends below 8,000; CDS, metal stocks drag 22/12/2016 16:10
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities ended in a bearish territory for the seventh straight session on Thursday, with benchmark indices Sensex slipped below psychological level of 26,000 and Nifty settled below its 8,000 mark, amid sustained selling by foreign portfolio investors and funds. Persistent worries over economic growth and corporate earnings along with weak cues from fellow Asian markets also kept investors sideline ahead of the Christmas holidays.
The 30-share benchmark index closed trade at 25979.6, down by 262.78 points or by 1 per cent, and the NSE Nifty ended at 7979.1, down by 82.2 points or by 1.02 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26248.45 and intraday low of 25940.14, while the NSE Nifty touched intraday high of 8046.45 and intraday low of 7964.95.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 264.00,-3.56%), Tata Steel Ltd. (Rs. 392.40,-3.09%), Oil And Natural Gas Corporation Ltd. (Rs. 195.35,-3.03%), Bharti Airtel Ltd. (Rs. 293.15,-2.98%), NTPC Ltd. (Rs. 160.20,-2.20%), among others.
On the flip side, ITC Ltd. (Rs. 227.25,+0.51%), Asian Paints Ltd. (Rs. 869.55,+0.38%), Wipro Ltd. (Rs. 463.75,+0.26%), Tata Motors Ltd. (Rs. 469.65,+0.19%), Cipla Ltd. (Rs. 562.95,+0.02%), were among top gainers on BSE.
On the sectoral front, all the thirteen indices ended in red, while metal and consumer durables stocks emerged as top losers, falling as much as 2.78 per cent and 1.9 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2940, shares advanced were 714 while 2067 shares declined and 159 were unchanged.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities ended in a bearish territory for the seventh straight session on Thursday, with benchmark indices Sensex slipped below psychological level of 26,000 and Nifty settled below its 8,000 mark, amid sustained selling by foreign portfolio investors and funds. Persistent worries over economic growth and corporate earnings along with weak cues from fellow Asian markets also kept investors sideline ahead of the Christmas holidays.
The 30-share benchmark index closed trade at 25979.6, down by 262.78 points or by 1 per cent, and the NSE Nifty ended at 7979.1, down by 82.2 points or by 1.02 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26248.45 and intraday low of 25940.14, while the NSE Nifty touched intraday high of 8046.45 and intraday low of 7964.95.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 264.00,-3.56%), Tata Steel Ltd. (Rs. 392.40,-3.09%), Oil And Natural Gas Corporation Ltd. (Rs. 195.35,-3.03%), Bharti Airtel Ltd. (Rs. 293.15,-2.98%), NTPC Ltd. (Rs. 160.20,-2.20%), among others.
On the flip side, ITC Ltd. (Rs. 227.25,+0.51%), Asian Paints Ltd. (Rs. 869.55,+0.38%), Wipro Ltd. (Rs. 463.75,+0.26%), Tata Motors Ltd. (Rs. 469.65,+0.19%), Cipla Ltd. (Rs. 562.95,+0.02%), were among top gainers on BSE.
On the sectoral front, all the thirteen indices ended in red, while metal and consumer durables stocks emerged as top losers, falling as much as 2.78 per cent and 1.9 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2940, shares advanced were 714 while 2067 shares declined and 159 were unchanged.
