Mid-Session: Sensex, Nifty trade in red on weak global cues; ITC, SBI down 1%
23/08/2016 12:20
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At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 27947.74, down by 37.8 points or by 0.14 per cent, and the NSE Nifty was at 8622.95, down by 6.2 points or by 0.07 per cent.
On the corporate front, Welspun India eroded another 20 per cent and locked in lower circuit on the Bombay Stock Exchange after Bloomberg reported that the company is ending all business with the textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.
Among others, Indraprastha Gas surged nearly 8 per cent, hitting 52-week high, on the Bombay Stock Exchange after the country's leading natural gas distributer registered a growth of 44.4 per cent in its net profit after taxes (PAT) at Rs 148.01 crore for the first quarter ended June 30, 2016.
On the sectoral front, oil and gas and capital goods stocks were among top losers on BSE, falling as much as 1.33 per cent and 1.1 per cent respectively.
23/08/2016 12:20
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NIFTY FUT TREND : SELL ZONE
The Indian equities edged lower in choppy trade on late morning deal on Tuesday, tracking a mostly bearish trend across markets in Asia as investors across the globe await Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike, curbing risk taking appetite.At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 27947.74, down by 37.8 points or by 0.14 per cent, and the NSE Nifty was at 8622.95, down by 6.2 points or by 0.07 per cent.
On the corporate front, Welspun India eroded another 20 per cent and locked in lower circuit on the Bombay Stock Exchange after Bloomberg reported that the company is ending all business with the textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.
Among others, Indraprastha Gas surged nearly 8 per cent, hitting 52-week high, on the Bombay Stock Exchange after the country's leading natural gas distributer registered a growth of 44.4 per cent in its net profit after taxes (PAT) at Rs 148.01 crore for the first quarter ended June 30, 2016.
On the sectoral front, oil and gas and capital goods stocks were among top losers on BSE, falling as much as 1.33 per cent and 1.1 per cent respectively.
