Mid-Session: Sensex, Nifty edge lower in lackluster trade; oil&gas, PSU stocks down 28/02/2017 12:25
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities continued to witness lackluster trade in late morning deal on Tuesday as market continued to remain vulnerable to bouts of profit taking ahead of the US President Donald Trump's first address to the US Congress later today. The market saw some stock specific movement as concerns related to corporate earnings and demonetization are already left behind. The Indian rupee was trading flat with marginal losses against its US counterpart amid fund outflows by foreign funds and importers due to fresh demand for the American currency.
At 12:20 hour, the Bombay Stock Exchange bellwether Sensex was trading at 28800.11, down by 12.77 points or by 0.04 per cent, and the NSE Nifty was at 8889.5, down by 7.2 points or by 0.08 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 28876.54 and intraday low of 28771.21, while the NSE Nifty touched intraday high of 8914.75 and intraday low of 8879.2.
Future Retail continues its gaining momentum on Tuesday and rallied nearly 14 per cent, hitting 52-week high, after Kishore Biyani-led company entered into licensing deal with UK's home furnishing brand Laura Ashley.
Den Networks soared nearly 5 per cent in early trade after the company unveiled plans to launch an online platform, called DEN TV+, where users can access content on the go.
The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 323.00,-2.12%), Tata Consultancy Services Ltd. (Rs. 2460.00,-1.16%), Bajaj Auto Ltd. (Rs. 2770.00,-1.14%), ICICI Bank Ltd. (Rs. 276.25,-0.93%), NTPC Ltd. (Rs. 164.00,-0.70%), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 361.55,+1.64%), Mahindra & Mahindra Ltd. (Rs. 1310.00,+1.08%), Adani Ports & Special Economic Zone Ltd. (Rs. 299.10,+0.79%), Tata Steel Ltd. (Rs. 484.45,+0.75%), Asian Paints Ltd. (Rs. 1008.80,+0.72%),, were among the top gainers on BSE.
On the sectoral front, oil&gas and PSU stocks were leading the decline, falling as much as 1.23 per cent and 0.29 per cent respectively.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2766, shares advanced were 1425 while 1148 shares declined and 193 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities continued to witness lackluster trade in late morning deal on Tuesday as market continued to remain vulnerable to bouts of profit taking ahead of the US President Donald Trump's first address to the US Congress later today. The market saw some stock specific movement as concerns related to corporate earnings and demonetization are already left behind. The Indian rupee was trading flat with marginal losses against its US counterpart amid fund outflows by foreign funds and importers due to fresh demand for the American currency.
At 12:20 hour, the Bombay Stock Exchange bellwether Sensex was trading at 28800.11, down by 12.77 points or by 0.04 per cent, and the NSE Nifty was at 8889.5, down by 7.2 points or by 0.08 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 28876.54 and intraday low of 28771.21, while the NSE Nifty touched intraday high of 8914.75 and intraday low of 8879.2.
Future Retail continues its gaining momentum on Tuesday and rallied nearly 14 per cent, hitting 52-week high, after Kishore Biyani-led company entered into licensing deal with UK's home furnishing brand Laura Ashley.
Den Networks soared nearly 5 per cent in early trade after the company unveiled plans to launch an online platform, called DEN TV+, where users can access content on the go.
The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 323.00,-2.12%), Tata Consultancy Services Ltd. (Rs. 2460.00,-1.16%), Bajaj Auto Ltd. (Rs. 2770.00,-1.14%), ICICI Bank Ltd. (Rs. 276.25,-0.93%), NTPC Ltd. (Rs. 164.00,-0.70%), among others.
Meanwhile, Bharti Airtel Ltd. (Rs. 361.55,+1.64%), Mahindra & Mahindra Ltd. (Rs. 1310.00,+1.08%), Adani Ports & Special Economic Zone Ltd. (Rs. 299.10,+0.79%), Tata Steel Ltd. (Rs. 484.45,+0.75%), Asian Paints Ltd. (Rs. 1008.80,+0.72%),, were among the top gainers on BSE.
On the sectoral front, oil&gas and PSU stocks were leading the decline, falling as much as 1.23 per cent and 0.29 per cent respectively.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2766, shares advanced were 1425 while 1148 shares declined and 193 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
