Mid-Session: Sensex, Nifty stay under stress; metal, CDS stocks down 1%
06/04/2017 12:33
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities continued to witness selling pressure in late morning deal on Thursday, tracking weak cues from Asian peers, as cautioned prevailed in the market ahead of the Reserve Bank policy review. Though, the analyst does not expect any change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be keenly watched. Adding to it, weakness in global equities ahead of the highly-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping, also weighed on market sentiment. The Indian rupee also slipped against its US counterpart on Thursday amid fund outflows by foreign funds and importers due to fresh demand for the American currency.
At 12:10 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29877.37, down by 96.87 points or by 0.32 per cent, and the NSE Nifty was at 9237.85, down by 27.3 points or by 0.29 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29948.44 and intraday low of 29817.59, while the NSE Nifty touched intraday high of 9245.8 and intraday low of 9220.
The top losers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 280.40,-1.56%), ITC Ltd. (Rs. 274.80,-1.49%), Adani Ports & Special Economic Zone Ltd. (Rs. 352.50,-1.33%), Larsen & Toubro Ltd. (Rs. 1676.90,-1.18%), Coal India Ltd. (Rs. 286.60,-1.17%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2812.00,+1.86%), Reliance Industries Ltd. (Rs. 1427.15,+0.87%), Infosys Ltd. (Rs. 1003.30,+0.79%), Axis Bank Ltd. (Rs. 510.20,+0.73%), GAIL (India) Ltd. (Rs. 385.25,+0.72%), were among the top gainers on BSE.
On the sectoral front, metal and consumer durables stocks were leading the decline, falling as much as 0.97 per cent and 0.8 per cent, respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2811, shares advanced were 1251 while 1435 shares declined and 125 were unchanged.
06/04/2017 12:33
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities continued to witness selling pressure in late morning deal on Thursday, tracking weak cues from Asian peers, as cautioned prevailed in the market ahead of the Reserve Bank policy review. Though, the analyst does not expect any change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be keenly watched. Adding to it, weakness in global equities ahead of the highly-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping, also weighed on market sentiment. The Indian rupee also slipped against its US counterpart on Thursday amid fund outflows by foreign funds and importers due to fresh demand for the American currency.
At 12:10 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29877.37, down by 96.87 points or by 0.32 per cent, and the NSE Nifty was at 9237.85, down by 27.3 points or by 0.29 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29948.44 and intraday low of 29817.59, while the NSE Nifty touched intraday high of 9245.8 and intraday low of 9220.
The top losers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 280.40,-1.56%), ITC Ltd. (Rs. 274.80,-1.49%), Adani Ports & Special Economic Zone Ltd. (Rs. 352.50,-1.33%), Larsen & Toubro Ltd. (Rs. 1676.90,-1.18%), Coal India Ltd. (Rs. 286.60,-1.17%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2812.00,+1.86%), Reliance Industries Ltd. (Rs. 1427.15,+0.87%), Infosys Ltd. (Rs. 1003.30,+0.79%), Axis Bank Ltd. (Rs. 510.20,+0.73%), GAIL (India) Ltd. (Rs. 385.25,+0.72%), were among the top gainers on BSE.
On the sectoral front, metal and consumer durables stocks were leading the decline, falling as much as 0.97 per cent and 0.8 per cent, respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2811, shares advanced were 1251 while 1435 shares declined and 125 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
