Mid-Session: Sensex up 76 pts, Nifty slips below 9,600; FMCG, CDS stocks up 1%
29/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Amidst choppy trade, the Indian equities were trading higher in late morning deal on Monday, helped by strong buying across FMCG and consumer durables stocks, tracking mixed cues from Asian markets. However, selling across broader market, with MidCap and SmalCap falling between 0.6 per cent-0.9 per cent, restricted the upward movement. At 12:20 hours, the 30-share barometer Sensex was at 31104.33, up by 76.12 points or by 0.25 per cent, while the NSE Nifty was at 9593.85, down by 1.25 points or by 0.01 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31155.4 and intraday low of 30869.9, while the NSE Nifty touched intraday high of 9622.3 and intraday low of 9547.7. The Indian Rupee was trading 13 paise lower against the greenback at 64.57 amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. The weakness in the Indian equity markets also weighed on home currency movement.
The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 1071.10,+2.92%), ITC Ltd. (Rs. 316.50,+2.54%), Power Grid Corporation of India Ltd. (Rs. 208.00,+2.54%), Housing Development Finance Corporation Ltd. (Rs. 1581.75,+2.19%), Maruti Suzuki India Ltd. (Rs. 7169.30,+1.36%), among others. FMCG major ITC rose nearly 3 per cent, hitting 52-week high, after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment. On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 505.80,-11.04%), Adani Ports & Special Economic Zone Ltd. (Rs. 331.95,-4.32%), Infosys Ltd. (Rs. 981.30,-1.50%), Wipro Ltd. (Rs. 531.65,-1.35%), ICICI Bank Ltd. (Rs. 317.75,-1.21%), were among the top losers on BSE.
On the sectoral front, FMCG and consumer durables stocks emerged as top gainers, rising as much as 1.64 per cent and 1.43 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2690, shares advanced were 907 while 1620 shares declined and 163 were unchanged.
29/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Amidst choppy trade, the Indian equities were trading higher in late morning deal on Monday, helped by strong buying across FMCG and consumer durables stocks, tracking mixed cues from Asian markets. However, selling across broader market, with MidCap and SmalCap falling between 0.6 per cent-0.9 per cent, restricted the upward movement. At 12:20 hours, the 30-share barometer Sensex was at 31104.33, up by 76.12 points or by 0.25 per cent, while the NSE Nifty was at 9593.85, down by 1.25 points or by 0.01 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31155.4 and intraday low of 30869.9, while the NSE Nifty touched intraday high of 9622.3 and intraday low of 9547.7. The Indian Rupee was trading 13 paise lower against the greenback at 64.57 amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. The weakness in the Indian equity markets also weighed on home currency movement.
The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 1071.10,+2.92%), ITC Ltd. (Rs. 316.50,+2.54%), Power Grid Corporation of India Ltd. (Rs. 208.00,+2.54%), Housing Development Finance Corporation Ltd. (Rs. 1581.75,+2.19%), Maruti Suzuki India Ltd. (Rs. 7169.30,+1.36%), among others. FMCG major ITC rose nearly 3 per cent, hitting 52-week high, after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment. On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 505.80,-11.04%), Adani Ports & Special Economic Zone Ltd. (Rs. 331.95,-4.32%), Infosys Ltd. (Rs. 981.30,-1.50%), Wipro Ltd. (Rs. 531.65,-1.35%), ICICI Bank Ltd. (Rs. 317.75,-1.21%), were among the top losers on BSE.
On the sectoral front, FMCG and consumer durables stocks emerged as top gainers, rising as much as 1.64 per cent and 1.43 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2690, shares advanced were 907 while 1620 shares declined and 163 were unchanged.
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