Mid-Session: Sensex trades flat; auto, bank stocks drag 27/02/2017 12:46
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Tracking weak cues from fellow Asian peers, Indian equity benchmarks were trading in a narrow range with negative bias during noon trading session on Monday as investors indulged in profit-booking and as March derivatives series began on a subdued note.
At 12:09 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,892.33 down by 0.64 points or 0 per cent while the NSE Nifty was at 8,924.4 down by 15.1 points or 0.17 per cent.
Markets witnessed selling pressure mainly in the auto and banking sector stocks.
Major show spoilers were Axis Bank Ltd. (Rs. 513.35,-2.71%), Power Grid Corporation of India Ltd. (Rs. 194.25,-2.44%), Bharti Airtel Ltd. (Rs. 360.35,-1.56%), Tata Motors Ltd. (Rs. 455.75,-1.35%), Mahindra & Mahindra Ltd. (Rs. 1292.75,-1.21%), among others.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1239.00,+4.77%), Hindustan Unilever Ltd. (Rs. 868.00,+1.12%), Infosys Ltd. (Rs. 1020.15,+1.10%), Wipro Ltd. (Rs. 488.40,+0.59%), Bajaj Auto Ltd. (Rs. 2827.20,+0.54%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2772 shares traded, 1249 advanced while 1302 shares declined and 221 remained unchanged.
On the global front, Asian markets were red on renewed drop in sovereign bond yields on political concerns. Also, traders turned their focus towards the Donald Trump's speech to a joint session of Congress on Tuesday, where he is expected to unveil some elements of his plans to cut taxes.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Tracking weak cues from fellow Asian peers, Indian equity benchmarks were trading in a narrow range with negative bias during noon trading session on Monday as investors indulged in profit-booking and as March derivatives series began on a subdued note.
At 12:09 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,892.33 down by 0.64 points or 0 per cent while the NSE Nifty was at 8,924.4 down by 15.1 points or 0.17 per cent.
Markets witnessed selling pressure mainly in the auto and banking sector stocks.
Major show spoilers were Axis Bank Ltd. (Rs. 513.35,-2.71%), Power Grid Corporation of India Ltd. (Rs. 194.25,-2.44%), Bharti Airtel Ltd. (Rs. 360.35,-1.56%), Tata Motors Ltd. (Rs. 455.75,-1.35%), Mahindra & Mahindra Ltd. (Rs. 1292.75,-1.21%), among others.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1239.00,+4.77%), Hindustan Unilever Ltd. (Rs. 868.00,+1.12%), Infosys Ltd. (Rs. 1020.15,+1.10%), Wipro Ltd. (Rs. 488.40,+0.59%), Bajaj Auto Ltd. (Rs. 2827.20,+0.54%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2772 shares traded, 1249 advanced while 1302 shares declined and 221 remained unchanged.
On the global front, Asian markets were red on renewed drop in sovereign bond yields on political concerns. Also, traders turned their focus towards the Donald Trump's speech to a joint session of Congress on Tuesday, where he is expected to unveil some elements of his plans to cut taxes.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
