Post Session: Sensex ends 329 pts lower, Nifty below 8,100; CDS, FMCG stocks drag :
02/12/2016 16:24
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices ended on bearish note for the second straight session on Friday, dragged by auto, financials, consumer durables and FMCG stocks, tracking weakness in fellow Asian peers. The market witnessed broad-based selling as investors remained wary ahead of ahead of US job data. Meanwhile, the withdrawal of high-value banknotes in India reportedly hampered manufacturing PMI in November, with companies signaling softer increases in order books, buying levels and output.
The 30-share benchmark index closed trade at 26230.66, down by 329.26 points or by 1.24 per cent, and the NSE Nifty ended at 8086.8, down by 106.1 points or by 1.3 per cent.
In the day’s trade, the BSE Sensex touched intraday high of 26463.06 and intraday low of 26182.93, while the NSE Nifty touched intraday high of 8159.3 and intraday low of 8070.05.
“India’s manufacturing Purchasing Managers’ Index (PMI) registering 52.3 in November, down from October’s 22-month high of 54.4, the latest reading pointed to a modest upturn overall,” the Nikkei India Manufacturing Purchasing Managers’ Index (PMI) reported on Thursday.
In line with benchmark indices, the broader market also ended bleeding in red with the BSE MIDCAP closing at 12199.18, down by 155.85 points or by 1.26 per cent, while the BSE SMLCAP settled at 12083.2, down by 167.22 points or by 1.37 per cent.
The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 905.55,-3.57%), Maruti Suzuki India Ltd. (Rs. 5068.45,-3.44%), Tata Motors Ltd. (Rs. 433.05,-3.37%), Adani Ports & Special Economic Zone Ltd. (Rs. 266.40,-3.13%), Housing Development Finance Corporation Ltd. (Rs. 1240.05,-2.35%), among others.
02/12/2016 16:24
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The 30-share benchmark index closed trade at 26230.66, down by 329.26 points or by 1.24 per cent, and the NSE Nifty ended at 8086.8, down by 106.1 points or by 1.3 per cent.
In the day’s trade, the BSE Sensex touched intraday high of 26463.06 and intraday low of 26182.93, while the NSE Nifty touched intraday high of 8159.3 and intraday low of 8070.05.
“India’s manufacturing Purchasing Managers’ Index (PMI) registering 52.3 in November, down from October’s 22-month high of 54.4, the latest reading pointed to a modest upturn overall,” the Nikkei India Manufacturing Purchasing Managers’ Index (PMI) reported on Thursday.
In line with benchmark indices, the broader market also ended bleeding in red with the BSE MIDCAP closing at 12199.18, down by 155.85 points or by 1.26 per cent, while the BSE SMLCAP settled at 12083.2, down by 167.22 points or by 1.37 per cent.
The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 905.55,-3.57%), Maruti Suzuki India Ltd. (Rs. 5068.45,-3.44%), Tata Motors Ltd. (Rs. 433.05,-3.37%), Adani Ports & Special Economic Zone Ltd. (Rs. 266.40,-3.13%), Housing Development Finance Corporation Ltd. (Rs. 1240.05,-2.35%), among others.
