Mid-Session: Sensex, Nifty continue to trade lower; IT, FMCG drag
07/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equity benchmarks continued their southward journey during the noon trade on Friday on the back of profit-booking by funds and retail investors tracking mostly weak cues from fellow Asian peers after disappointing US jobs report and on ECB’s plan to unwind stimulus programs.
At 12:17 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 31,327.99 down by 41.35 points or 0.13 per cent while the NSE Nifty was at 9,662.2 down by 12.35 points or 0.13 per cent.
Also, investors awaited the June quarter corporate earnings that will begin next week and were also tracking monsoon progress ahead of their next move.
Market witnessed selling pressure mainly in the IT and FMCG sector stocks.
Major show spoilers were Housing Development Finance Corporation Ltd. (Rs. 1622.20,-1.53%), Asian Paints Ltd. (Rs. 1119.95,-0.95%), ICICI Bank Ltd. (Rs. 290.85,-0.92%), Bajaj Auto Ltd. (Rs. 2705.50,-0.88%), Infosys Ltd. (Rs. 939.30,-0.87%), among others.
The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1130.00,+4.51%), Dr. Reddy's Laboratories Ltd. (Rs. 2720.15,+1.96%), Cipla Ltd. (Rs. 551.65,+1.62%), Hindustan Unilever Ltd. (Rs. 1107.35,+1.41%), Larsen & Toubro Ltd. (Rs. 1717.05,+1.17%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2686 shares traded, 1369 advanced while 1177 shares declined and 140 remained unchanged.
07/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equity benchmarks continued their southward journey during the noon trade on Friday on the back of profit-booking by funds and retail investors tracking mostly weak cues from fellow Asian peers after disappointing US jobs report and on ECB’s plan to unwind stimulus programs.
At 12:17 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 31,327.99 down by 41.35 points or 0.13 per cent while the NSE Nifty was at 9,662.2 down by 12.35 points or 0.13 per cent.
Also, investors awaited the June quarter corporate earnings that will begin next week and were also tracking monsoon progress ahead of their next move.
Market witnessed selling pressure mainly in the IT and FMCG sector stocks.
Major show spoilers were Housing Development Finance Corporation Ltd. (Rs. 1622.20,-1.53%), Asian Paints Ltd. (Rs. 1119.95,-0.95%), ICICI Bank Ltd. (Rs. 290.85,-0.92%), Bajaj Auto Ltd. (Rs. 2705.50,-0.88%), Infosys Ltd. (Rs. 939.30,-0.87%), among others.
The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1130.00,+4.51%), Dr. Reddy's Laboratories Ltd. (Rs. 2720.15,+1.96%), Cipla Ltd. (Rs. 551.65,+1.62%), Hindustan Unilever Ltd. (Rs. 1107.35,+1.41%), Larsen & Toubro Ltd. (Rs. 1717.05,+1.17%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2686 shares traded, 1369 advanced while 1177 shares declined and 140 remained unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
