Mid-Session: Sensex edges lower in lackluster trade, Nifty holds 9,500; broader markets outperform
28/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian swung between gains and losses in choppy trade on Wednesday, tracking mostly bearish cues from Asian markets, as traders looked to cutting down of positions ahead of June derivatives contract expiry due tomorrow. Investors also remained wary ahead of the launch of the long pending new tax regime GST on July 01. Bucking the trend, the broader markets saw surge in buying, with BSE MIDCAP and SMLCAP indices rising as much as 0.40 per cent each.
At 12:15 hours, the 30-share barometer Sensex was at 30931.02, down by 27.23 points or by 0.09 per cent, while the NSE Nifty was at 9519.3, up by 7.9 points or by 0.08 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31000.48 and intraday low of 30876.25, while the NSE Nifty touched intraday high of 9522.5 and intraday low of 9479.8.
The Indian Rupee was trading flat with negative bias against the greenback on Wednesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. At the Interbank Foreign Exchange Market, the local currency was trading 01 paise lower at 64.78 per dollar against the previous close of 64.78. During the day’s trade so far, rupee touched an intra-day low of 64.83 after opening at 64.79.
The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1107.00,-2.38%), Reliance Industries Ltd. (Rs. 1409.05,-1.87%), State Bank of India (Rs. 274.95,-1.59%), Adani Ports & Special Economic Zone Ltd. (Rs. 365.50,-0.48%), Housing Development Finance Corporation Ltd. (Rs. 1643.50,-0.48%), among others.
On the flip side, Tata Steel Ltd. (Rs. 520.05,+1.88%), ICICI Bank Ltd. (Rs. 292.50,+1.56%), Maruti Suzuki India Ltd. (Rs. 7299.55,+1.50%), Power Grid Corporation of India Ltd. (Rs. 208.20,+1.49%), Tata Motors Ltd. (Rs. 445.90,+0.99%), were among the top gainers on BSE.
On the sectoral front, consumer durables and FMCG stocks emerged as top losers, falling as much as 0.93 per cent and 0.21 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2522, shares advanced were 1329 while 1040 shares declined and 153 were unchanged.
28/06/2017
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 swung between gains and losses in choppy trade on Wednesday, tracking mostly bearish cues from Asian markets, as traders looked to cutting down of positions ahead of June derivatives contract expiry due tomorrow. Investors also remained wary ahead of the launch of the long pending new tax regime GST on July 01. Bucking the trend, the broader markets saw surge in buying, with BSE MIDCAP and SMLCAP indices rising as much as 0.40 per cent each.
At 12:15 hours, the 30-share barometer Sensex was at 30931.02, down by 27.23 points or by 0.09 per cent, while the NSE Nifty was at 9519.3, up by 7.9 points or by 0.08 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31000.48 and intraday low of 30876.25, while the NSE Nifty touched intraday high of 9522.5 and intraday low of 9479.8.
The Indian Rupee was trading flat with negative bias against the greenback on Wednesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. At the Interbank Foreign Exchange Market, the local currency was trading 01 paise lower at 64.78 per dollar against the previous close of 64.78. During the day’s trade so far, rupee touched an intra-day low of 64.83 after opening at 64.79.
The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1107.00,-2.38%), Reliance Industries Ltd. (Rs. 1409.05,-1.87%), State Bank of India (Rs. 274.95,-1.59%), Adani Ports & Special Economic Zone Ltd. (Rs. 365.50,-0.48%), Housing Development Finance Corporation Ltd. (Rs. 1643.50,-0.48%), among others.
On the flip side, Tata Steel Ltd. (Rs. 520.05,+1.88%), ICICI Bank Ltd. (Rs. 292.50,+1.56%), Maruti Suzuki India Ltd. (Rs. 7299.55,+1.50%), Power Grid Corporation of India Ltd. (Rs. 208.20,+1.49%), Tata Motors Ltd. (Rs. 445.90,+0.99%), were among the top gainers on BSE.
On the sectoral front, consumer durables and FMCG stocks emerged as top losers, falling as much as 0.93 per cent and 0.21 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2522, shares advanced were 1329 while 1040 shares declined and 153 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
