Mid-Session: Bears dominate D-Street; Dr Reddy's Lab slips over 4%
09/03/2017 12:40
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Tracking weak cues globally, Indian equity benchmarks continued to trade in the negative territory during the noon trade on Thursday as sentiment remained subdued ahead of the UP exit polls for the Assembly elections due later in the day, while actual results to be announced on March 11.
At 12:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,877.03 down by 24.91 points or 0.09 per cent while the NSE Nifty was at 8,914.25 down by 10.05 points or 0.11 per cent.
UP election results will have a key influence on PM Modi’s chances of winning a second term in 2019.
Besides, investors also remained wary ahead of the US Fed meeting on March 14-15 to decide on the US interest rate hike, too influenced sentiment at D-Street.
Markets witnessed selling pressure mainly in the oil & gas and metal sector stocks.
Meanwhile, shares of drug firm Dr. Reddy's Laboratories Ltd fell nearly 4.22 per cent after it has received 13 observations for its Duvvuda oncology unit by the US health regulator.
Major show spoilers were Dr. Reddy's Laboratories Ltd. (Rs. 2730.95,-4.22%), GAIL (India) Ltd. (Rs. 380.60,-1.91%), Adani Ports & Special Economic Zone Ltd. (Rs. 302.10,-1.52%), Wipro Ltd. (Rs. 487.55,-1.29%), Oil And Natural Gas Corporation Ltd. (Rs. 190.90,-0.96%), among others.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5953.15,+1.52%), Axis Bank Ltd. (Rs. 516.80,+1.29%), Asian Paints Ltd. (Rs. 1034.50,+1.20%), Tata Motors Ltd. (Rs. 465.85,+0.69%), State Bank of India (Rs. 271.25,+0.57%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,736 shares traded, 1,236 advanced while 1,347 shares declined and 153 remained unchanged.
On the global front, Asian markets were red except Japan’s Nikkei 225, on expectations of US Fed interest rate hike in its meeting next week, and as oil prices dropped after surge in US crude inventories.
09/03/2017 12:40
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Tracking weak cues globally, Indian equity benchmarks continued to trade in the negative territory during the noon trade on Thursday as sentiment remained subdued ahead of the UP exit polls for the Assembly elections due later in the day, while actual results to be announced on March 11.
At 12:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,877.03 down by 24.91 points or 0.09 per cent while the NSE Nifty was at 8,914.25 down by 10.05 points or 0.11 per cent.
UP election results will have a key influence on PM Modi’s chances of winning a second term in 2019.
Besides, investors also remained wary ahead of the US Fed meeting on March 14-15 to decide on the US interest rate hike, too influenced sentiment at D-Street.
Markets witnessed selling pressure mainly in the oil & gas and metal sector stocks.
Meanwhile, shares of drug firm Dr. Reddy's Laboratories Ltd fell nearly 4.22 per cent after it has received 13 observations for its Duvvuda oncology unit by the US health regulator.
Major show spoilers were Dr. Reddy's Laboratories Ltd. (Rs. 2730.95,-4.22%), GAIL (India) Ltd. (Rs. 380.60,-1.91%), Adani Ports & Special Economic Zone Ltd. (Rs. 302.10,-1.52%), Wipro Ltd. (Rs. 487.55,-1.29%), Oil And Natural Gas Corporation Ltd. (Rs. 190.90,-0.96%), among others.
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5953.15,+1.52%), Axis Bank Ltd. (Rs. 516.80,+1.29%), Asian Paints Ltd. (Rs. 1034.50,+1.20%), Tata Motors Ltd. (Rs. 465.85,+0.69%), State Bank of India (Rs. 271.25,+0.57%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,736 shares traded, 1,236 advanced while 1,347 shares declined and 153 remained unchanged.
On the global front, Asian markets were red except Japan’s Nikkei 225, on expectations of US Fed interest rate hike in its meeting next week, and as oil prices dropped after surge in US crude inventories.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
