Mid-Session: Sensex, Nifty edge lower in choppy trade; IT, realty stocks down
10/04/2017 12:40
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities slipped into negative terrain in choppy trade on Monday as investors resorted to profit booking amid escalating geo-political tension after the US airstrike in Syria and expectation of a tighter US monetary policy. However, firm trading across broader markets, with the BSE MIDCAP rising by 70.88 points and the BSE SMLCAP by 101.27 points, capped losses.
At 12:30 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29679.25, down by 27.36 points or by 0.09 per cent, and the NSE Nifty was at 9203.05, up by 4.75 points or by 0.05 per cent.
During the day’s trade so far, the BSE Sensex touched intraday high of 29831.32 and intraday low of 29676.8, while the NSE Nifty touched intraday high of 9225.65 and intraday low of 9191.1
On the economy front, the Confederation of Indian Industry (CCI) Business Confidence Index soared to an all-time high in the Jan-March quarter, with companies being optimistic that economic activities will gather pace this year. The significant rise in the index this quarter could be attributed to the distinct improvement in the 'Expectations Index' even as there is a marginal uptick in the 'Current Situation Index', indicating that business sentiment is strong and firms are particularly upbeat about activity in their sectors in the future, the industry body observed.
The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 505.40,-1.24%), Asian Paints Ltd. (Rs. 1069.90,-0.99%), Housing Development Finance Corporation Ltd. (Rs. 1471.55,-0.84%), NTPC Ltd. (Rs. 166.35,-0.81%), Hero MotoCorp Ltd. (Rs. 3195.45,-0.66%), among others.
On the flip side, Axis Bank Ltd. (Rs. 512.00,+1.63%), Adani Ports & Special Economic Zone Ltd. (Rs. 352.65,+1.47%), Coal India Ltd. (Rs. 287.15,+1.13%), Tata Motors Ltd. (Rs. 472.35,+0.93%), Tata Steel Ltd. (Rs. 495.60,+0.55%), were among the top gainers on BSE.
On the sectoral front, IT and realty stocks were leading the decline, falling as much as 0.25 per cent and 0.18 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2922, shares advanced were 1802 while 1003 shares declined and 117 were unchanged.
10/04/2017 12:40
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian equities slipped into negative terrain in choppy trade on Monday as investors resorted to profit booking amid escalating geo-political tension after the US airstrike in Syria and expectation of a tighter US monetary policy. However, firm trading across broader markets, with the BSE MIDCAP rising by 70.88 points and the BSE SMLCAP by 101.27 points, capped losses.
At 12:30 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29679.25, down by 27.36 points or by 0.09 per cent, and the NSE Nifty was at 9203.05, up by 4.75 points or by 0.05 per cent.
During the day’s trade so far, the BSE Sensex touched intraday high of 29831.32 and intraday low of 29676.8, while the NSE Nifty touched intraday high of 9225.65 and intraday low of 9191.1
On the economy front, the Confederation of Indian Industry (CCI) Business Confidence Index soared to an all-time high in the Jan-March quarter, with companies being optimistic that economic activities will gather pace this year. The significant rise in the index this quarter could be attributed to the distinct improvement in the 'Expectations Index' even as there is a marginal uptick in the 'Current Situation Index', indicating that business sentiment is strong and firms are particularly upbeat about activity in their sectors in the future, the industry body observed.
The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 505.40,-1.24%), Asian Paints Ltd. (Rs. 1069.90,-0.99%), Housing Development Finance Corporation Ltd. (Rs. 1471.55,-0.84%), NTPC Ltd. (Rs. 166.35,-0.81%), Hero MotoCorp Ltd. (Rs. 3195.45,-0.66%), among others.
On the flip side, Axis Bank Ltd. (Rs. 512.00,+1.63%), Adani Ports & Special Economic Zone Ltd. (Rs. 352.65,+1.47%), Coal India Ltd. (Rs. 287.15,+1.13%), Tata Motors Ltd. (Rs. 472.35,+0.93%), Tata Steel Ltd. (Rs. 495.60,+0.55%), were among the top gainers on BSE.
On the sectoral front, IT and realty stocks were leading the decline, falling as much as 0.25 per cent and 0.18 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2922, shares advanced were 1802 while 1003 shares declined and 117 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
