Mid-Session: Sensex stays under stress, Nifty trades below 9,200; Infy down 2%
13/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities continued to witness selling pressure in late morning deal on Thursday as investor sentiment was dented by weak macro data, while muted earnings report by Infosys raised concerns over the performance of IT companies. Infosys fell over 2 per cent after it reported a marginal growth in its consolidated net profit at Rs 3,603 crore for the fourth quarter ended March 31, 2017. Investors also reacted to weak macro data, as Industrial output contracted 1.2 per cent in February from a year earlier, while March CPI hits five-month high of 3.81 per cent on higher fuel prices. IOL Chemicals and Pharmaceuticals (IOLCP) rallied nearly 10 per cent after the company said that it has received EUGMP Certification from National Institute of Pharmacy and Nutrition, Hungary, for its product Ibuprofen, Lamotrigine, Metformin Hydrochloride confirming compliance with principals of Good Manufacturing Practices as provided by European Union Legislation.
At 12:24 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29560.99, down by 82.49 points or by 0.28 per cent and the NSE Nifty was at 9179.95, down by 23.5 points or by 0.26 per cent.
During the day’s trade so far, the BSE Sensex touched intra-day high of 29660.48 and intraday low of 29549.88, while the NSE Nifty touched intraday high of 9202.65 and intraday low of 9169.8.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 320.00,-2.30%), Infosys Ltd. (Rs. 947.00,-2.25%), Tata Steel Ltd. (Rs. 468.65,-1.95%), Tata Consultancy Services Ltd. (Rs. 2348.50,-1.91%), Tata Motors Ltd. (Rs. 457.25,-1.71%), among others.
On the flip side, Power Grid Corporation of India Ltd. (Rs. 199.50,+0.99%), Housing Development Finance Corporation Ltd. (Rs. 1478.80,+0.88%), ICICI Bank Ltd. (Rs. 283.20,+0.87%), Reliance Industries Ltd. (Rs. 1365.25,+0.82%), Bajaj Auto Ltd. (Rs. 2855.00,+0.68%), were among the top gainers on BSE.
On the sectoral front, metal and IT stocks were leading the decline, falling as much as 1.98 per cent and 1.60 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2865, shares advanced were 1532 while 1170 shares declined and 163 were unchanged.
13/04/2017
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
The Indian equities continued to witness selling pressure in late morning deal on Thursday as investor sentiment was dented by weak macro data, while muted earnings report by Infosys raised concerns over the performance of IT companies. Infosys fell over 2 per cent after it reported a marginal growth in its consolidated net profit at Rs 3,603 crore for the fourth quarter ended March 31, 2017. Investors also reacted to weak macro data, as Industrial output contracted 1.2 per cent in February from a year earlier, while March CPI hits five-month high of 3.81 per cent on higher fuel prices. IOL Chemicals and Pharmaceuticals (IOLCP) rallied nearly 10 per cent after the company said that it has received EUGMP Certification from National Institute of Pharmacy and Nutrition, Hungary, for its product Ibuprofen, Lamotrigine, Metformin Hydrochloride confirming compliance with principals of Good Manufacturing Practices as provided by European Union Legislation.
At 12:24 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29560.99, down by 82.49 points or by 0.28 per cent and the NSE Nifty was at 9179.95, down by 23.5 points or by 0.26 per cent.
During the day’s trade so far, the BSE Sensex touched intra-day high of 29660.48 and intraday low of 29549.88, while the NSE Nifty touched intraday high of 9202.65 and intraday low of 9169.8.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 320.00,-2.30%), Infosys Ltd. (Rs. 947.00,-2.25%), Tata Steel Ltd. (Rs. 468.65,-1.95%), Tata Consultancy Services Ltd. (Rs. 2348.50,-1.91%), Tata Motors Ltd. (Rs. 457.25,-1.71%), among others.
On the flip side, Power Grid Corporation of India Ltd. (Rs. 199.50,+0.99%), Housing Development Finance Corporation Ltd. (Rs. 1478.80,+0.88%), ICICI Bank Ltd. (Rs. 283.20,+0.87%), Reliance Industries Ltd. (Rs. 1365.25,+0.82%), Bajaj Auto Ltd. (Rs. 2855.00,+0.68%), were among the top gainers on BSE.
On the sectoral front, metal and IT stocks were leading the decline, falling as much as 1.98 per cent and 1.60 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2865, shares advanced were 1532 while 1170 shares declined and 163 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
