Mid-Session: Sensex remains subdued, Nifty below 9100
15/03/2017 12:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Paring all the early gains, the key domestic benchmark indices slipped into negative terrain during the noon trading session tracking weak cues from the global peers. The investors remained on the sidelines as they await the outcome of US Federal Reserve's two-day policy meeting, which will conclude later in the day.
At 12:15 hours, the 30-share benchmark index was trading at 29421.5 down by 21.13 points or by 0.07 per cent, while the NSE Nifty was at 9082.4 down by 4.6 points or by 0.05 per cent.
Investors maintained a cautious approach as the likelihood of a repo rate cut in April 2017 remains subdued as the inflation is once again back to haunt the economy. Higher food, fuel, non-fuel commodities and power prices, and playing out of base effect in February had led to both Wholesale Price Index (WPI) and Consumer Price Index (CPI) or retail inflation soaring northwards to 6.55 per cent and 3.65 per cent, respectively. The WPI inflation was highest in 39 months, while the retail inflation was at a 4-month high.
In the volatile trade so-far, Sensex touched an intraday high of 29500.08 and an intraday low of 29402.52, while the NSE Nifty touched an intraday high of 9105.35 and an intraday low of 9076.25.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1307.00,+1.36%), State Bank of India (Rs. 278.30,+1.31%), Hero MotoCorp Ltd. (Rs. 3386.25,+0.86%), Adani Ports & Special Economic Zone Ltd. (Rs. 310.50,+0.76%), Tata Motors Ltd. (Rs. 473.15,+0.75%), among others.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1012.50,-2.17%), Tata Consultancy Services Ltd. (Rs. 2509.45,-2.06%), Hindustan Unilever Ltd. (Rs. 901.00,-1.40%), Wipro Ltd. (Rs. 496.75,-0.74%), Larsen & Toubro Ltd. (Rs. 1547.95,-0.62%), among others.
Among the sectors, CDS index was at 14339.48 up by 116.75 points or by 0.82%. Blue Star Ltd. (Rs. 561.00,+2.07%), Symphony Ltd. (Rs. 1425.15,+1.86%), Rajesh Exports Ltd. (Rs. 559.75,+1.51%), Nilkamal Ltd. (Rs. 1950.35,+1.10%), Crompton Greaves Consumer Electricals Ltd. (Rs. 192.05,+0.63%),.
On the flip side, IT index was at 10403.95 down by -172.78 points or by -1.63%. Kellton Tech Solutions Ltd. (Rs. 133.00,-3.59%), Lycos Internet Ltd. (Rs. 8.90,-2.84%), Polaris Consulting & Services Ltd. (Rs. 179.90,-2.39%), Zen Technologies Ltd. (Rs. 68.50,-2.21%), Sonata Software Ltd. (Rs. 179.15,-2.18%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2749 , shares advanced were 1387 while 1214 shares declined and 148 were unchanged.
On the global front, Asian peers were hovering in red as investors took profits before a US central bank policy meeting. China’s Premier Li Keqiang said that forecasts of a hard landing for the world’s second largest economy should stop, though domestic and external risks remain and meeting the target of 6.5 per cent growth for this year won’t be easy.
15/03/2017 12:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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Paring all the early gains, the key domestic benchmark indices slipped into negative terrain during the noon trading session tracking weak cues from the global peers. The investors remained on the sidelines as they await the outcome of US Federal Reserve's two-day policy meeting, which will conclude later in the day.
At 12:15 hours, the 30-share benchmark index was trading at 29421.5 down by 21.13 points or by 0.07 per cent, while the NSE Nifty was at 9082.4 down by 4.6 points or by 0.05 per cent.
Investors maintained a cautious approach as the likelihood of a repo rate cut in April 2017 remains subdued as the inflation is once again back to haunt the economy. Higher food, fuel, non-fuel commodities and power prices, and playing out of base effect in February had led to both Wholesale Price Index (WPI) and Consumer Price Index (CPI) or retail inflation soaring northwards to 6.55 per cent and 3.65 per cent, respectively. The WPI inflation was highest in 39 months, while the retail inflation was at a 4-month high.
In the volatile trade so-far, Sensex touched an intraday high of 29500.08 and an intraday low of 29402.52, while the NSE Nifty touched an intraday high of 9105.35 and an intraday low of 9076.25.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1307.00,+1.36%), State Bank of India (Rs. 278.30,+1.31%), Hero MotoCorp Ltd. (Rs. 3386.25,+0.86%), Adani Ports & Special Economic Zone Ltd. (Rs. 310.50,+0.76%), Tata Motors Ltd. (Rs. 473.15,+0.75%), among others.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1012.50,-2.17%), Tata Consultancy Services Ltd. (Rs. 2509.45,-2.06%), Hindustan Unilever Ltd. (Rs. 901.00,-1.40%), Wipro Ltd. (Rs. 496.75,-0.74%), Larsen & Toubro Ltd. (Rs. 1547.95,-0.62%), among others.
Among the sectors, CDS index was at 14339.48 up by 116.75 points or by 0.82%. Blue Star Ltd. (Rs. 561.00,+2.07%), Symphony Ltd. (Rs. 1425.15,+1.86%), Rajesh Exports Ltd. (Rs. 559.75,+1.51%), Nilkamal Ltd. (Rs. 1950.35,+1.10%), Crompton Greaves Consumer Electricals Ltd. (Rs. 192.05,+0.63%),.
On the flip side, IT index was at 10403.95 down by -172.78 points or by -1.63%. Kellton Tech Solutions Ltd. (Rs. 133.00,-3.59%), Lycos Internet Ltd. (Rs. 8.90,-2.84%), Polaris Consulting & Services Ltd. (Rs. 179.90,-2.39%), Zen Technologies Ltd. (Rs. 68.50,-2.21%), Sonata Software Ltd. (Rs. 179.15,-2.18%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2749 , shares advanced were 1387 while 1214 shares declined and 148 were unchanged.
On the global front, Asian peers were hovering in red as investors took profits before a US central bank policy meeting. China’s Premier Li Keqiang said that forecasts of a hard landing for the world’s second largest economy should stop, though domestic and external risks remain and meeting the target of 6.5 per cent growth for this year won’t be easy.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
