Mid-Session: Nifty slips below 9,400; healthcare, bank stocks drag
12/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities stayed under selling pressure as investors resorted to profit taking, especially in healthcare and financial sector, to benefit from strong rally in the last three sessions, tracking mixed cues from Asian markets. The caution prevailed in the market ahead of the release of the factory output and inflation data which will gauge the health of the Asia’s third largest economy. Shares of Infosys gained nearly 2 per cent after media report suggested that the IT bellwether has delayed salary hike to at least July to reduce operating costs.
At 12:17 hour, the Bombay Stock Exchange bellwether Sensex was trading 30187.37, down by 63.61 points or by 0.21 per cent, and the NSE Nifty was at 9393.6, down by 28.8 points or by 0.31 per cent. The Indian Rupee extended gaining streak against the greenback on Friday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. In the day’s trade so far, the BSE Sensex touched intra-day high of 30299.74 and intraday low of 30152.23, while the NSE Nifty touched intraday high of 9437.75 and intraday low of 9384.05. The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1132.20,-3.05%), Axis Bank Ltd. (Rs. 505.65,-2.21%), GAIL (India) Ltd. (Rs. 401.55,-1.75%), Housing Development Finance Corporation Ltd. (Rs. 1545.00,-1.07%), Dr. Reddy's Laboratories Ltd. (Rs. 2566.80,-0.99%), among others.
On the flip side, Infosys Ltd. (Rs. 961.00,+1.82%), Hero MotoCorp Ltd. (Rs. 3525.00,+1.77%), Cipla Ltd. (Rs. 567.50,+1.16%), Oil And Natural Gas Corporation Ltd. (Rs. 185.85,+0.90%), Coal India Ltd. (Rs. 277.15,+0.80%), were among the top gainers on BSE. On the sectoral front, healthcare and bankex stocks emerged as top losers, falling as much as 0.85 per cent and 0.69 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2777, shares advanced were 919 while 1701 shares declined and 157 were unchanged.
12/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities stayed under selling pressure as investors resorted to profit taking, especially in healthcare and financial sector, to benefit from strong rally in the last three sessions, tracking mixed cues from Asian markets. The caution prevailed in the market ahead of the release of the factory output and inflation data which will gauge the health of the Asia’s third largest economy. Shares of Infosys gained nearly 2 per cent after media report suggested that the IT bellwether has delayed salary hike to at least July to reduce operating costs.
At 12:17 hour, the Bombay Stock Exchange bellwether Sensex was trading 30187.37, down by 63.61 points or by 0.21 per cent, and the NSE Nifty was at 9393.6, down by 28.8 points or by 0.31 per cent. The Indian Rupee extended gaining streak against the greenback on Friday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. In the day’s trade so far, the BSE Sensex touched intra-day high of 30299.74 and intraday low of 30152.23, while the NSE Nifty touched intraday high of 9437.75 and intraday low of 9384.05. The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1132.20,-3.05%), Axis Bank Ltd. (Rs. 505.65,-2.21%), GAIL (India) Ltd. (Rs. 401.55,-1.75%), Housing Development Finance Corporation Ltd. (Rs. 1545.00,-1.07%), Dr. Reddy's Laboratories Ltd. (Rs. 2566.80,-0.99%), among others.
On the flip side, Infosys Ltd. (Rs. 961.00,+1.82%), Hero MotoCorp Ltd. (Rs. 3525.00,+1.77%), Cipla Ltd. (Rs. 567.50,+1.16%), Oil And Natural Gas Corporation Ltd. (Rs. 185.85,+0.90%), Coal India Ltd. (Rs. 277.15,+0.80%), were among the top gainers on BSE. On the sectoral front, healthcare and bankex stocks emerged as top losers, falling as much as 0.85 per cent and 0.69 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2777, shares advanced were 919 while 1701 shares declined and 157 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
