Markets remain flat; Tata Motors up over 4%
29/08/2016 13:33
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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At 1:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,792.48, up by 10.23 points or 0.04 per cent while the NSE Nifty was at 8,571.85, down by 0.7 points or 0.01 per cent.
Buying momentum was witnessed mainly in the auto and capital goods sector stocks.
Meanwhile, shares of DLF, MOIL, Indian Oil Corporation will be in focus today as they reveal their April-June quarter earnings data.
On the global front, most of the Asian markets were trading in the red as investors across the globe weighed comments from US Fed Chair Janet Yellen who stressed that the case for monetary tightening in the world’s biggest economy had strengthened. However, Japan’s Nikkei 225 ended over 2 per cent after Bank of Japan Governor reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus without hesitation.
29/08/2016 13:33
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
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Indian equity benchmarks continue to swing between negative and positive territory during the afternoon session on Monday on the back of selling pressure by traders amidst tracking weak cues from fellow Asian peers after hawkish comments from US Fed Chair Janet Yellen which increased hopes of US interest rate hike this year.At 1:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,792.48, up by 10.23 points or 0.04 per cent while the NSE Nifty was at 8,571.85, down by 0.7 points or 0.01 per cent.
Buying momentum was witnessed mainly in the auto and capital goods sector stocks.
Meanwhile, shares of DLF, MOIL, Indian Oil Corporation will be in focus today as they reveal their April-June quarter earnings data.
On the global front, most of the Asian markets were trading in the red as investors across the globe weighed comments from US Fed Chair Janet Yellen who stressed that the case for monetary tightening in the world’s biggest economy had strengthened. However, Japan’s Nikkei 225 ended over 2 per cent after Bank of Japan Governor reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus without hesitation.
