Mid-Session: Sensex sinks 250 pts, Nifty slips below 9,900; RIL down 2%
18/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices continued to trade in negative terrain during the late morning session on Tuesday, tracking weak cues from Asian peers, weighed down by selling in frontline bluechip such as Reliance Industries, ITC, Adani Ports, HPCL and GAIL. Reliance Industries fell over 2 per cent after the government asked the company along with Shell and ONGC to pay a combined USD 3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, says an ET report.
At 12:17 hours, the 30-share benchmark index was trading at 31826.5, down by 248.28 points or by 0.77 per cent, and the NSE Nifty was at 9854.05, down by 61.9 points or by 0.62 per cent.
In the bearish trade so-far, Sensex touched intraday high of 31911.61 and intraday low of 31626.44, while the NSE Nifty touched intraday high of 9885.35 and intraday low of 9792.05.
Meanwhile, the Indian Rupee was trading higher by 4 paise at 64.40 against the greenback on Tuesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency.
The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 288.90,-11.31%), Reliance Industries Ltd. (Rs. 1517.70,-2.17%), Adani Ports & Special Economic Zone Ltd. (Rs. 381.15,-0.12%), among others.
Meanwhile, Asian Paints Ltd. (Rs. 1143.40,+1.59%), Dr. Reddy's Laboratories Ltd. (Rs. 2734.10,+1.51%), Cipla Ltd. (Rs. 563.95,+1.45%), Power Grid Corporation of India Ltd. (Rs. 219.70,+1.43%), Axis Bank Ltd. (Rs. 517.85,+1.35%), were among top gainers on BSE.
On the sectoral front, FMCG and oil&gas stocks emerged as top losers, falling as much as 5.49 per cent and 0.83 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2341, shares advanced were 1227 while 984 shares declined and 130 were unchanged.
18/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmark indices continued to trade in negative terrain during the late morning session on Tuesday, tracking weak cues from Asian peers, weighed down by selling in frontline bluechip such as Reliance Industries, ITC, Adani Ports, HPCL and GAIL. Reliance Industries fell over 2 per cent after the government asked the company along with Shell and ONGC to pay a combined USD 3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, says an ET report.
At 12:17 hours, the 30-share benchmark index was trading at 31826.5, down by 248.28 points or by 0.77 per cent, and the NSE Nifty was at 9854.05, down by 61.9 points or by 0.62 per cent.
In the bearish trade so-far, Sensex touched intraday high of 31911.61 and intraday low of 31626.44, while the NSE Nifty touched intraday high of 9885.35 and intraday low of 9792.05.
Meanwhile, the Indian Rupee was trading higher by 4 paise at 64.40 against the greenback on Tuesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency.
The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 288.90,-11.31%), Reliance Industries Ltd. (Rs. 1517.70,-2.17%), Adani Ports & Special Economic Zone Ltd. (Rs. 381.15,-0.12%), among others.
Meanwhile, Asian Paints Ltd. (Rs. 1143.40,+1.59%), Dr. Reddy's Laboratories Ltd. (Rs. 2734.10,+1.51%), Cipla Ltd. (Rs. 563.95,+1.45%), Power Grid Corporation of India Ltd. (Rs. 219.70,+1.43%), Axis Bank Ltd. (Rs. 517.85,+1.35%), were among top gainers on BSE.
On the sectoral front, FMCG and oil&gas stocks emerged as top losers, falling as much as 5.49 per cent and 0.83 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2341, shares advanced were 1227 while 984 shares declined and 130 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
