Sell-off grips D-Street; FMCG, Capital Goods stocks drag
03/08/2016 13:21Pm
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13.21 Pm - Nifty Fut : SELL Zone
Indian equity benchmarks extended losses during the afternoon session on Wednesday as participants indulged in selling in various counters amid caution ahead of the much awaited debate on the GST bill in Rajya Sabha today.
At 1:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,734.41, down by 247.3 points or 0.88 per cent while the NSE Nifty was at 8,556.15, down by 66.75 points or 0.77 per cent.
Meanwhile, India Services PMI rose to 51.9 in July, 2016 against 50.3 in the month of June. It was the strongest reading since April, mainly on account of a faster increase in both output and new work.
Major show spoilers were FMCG and capital goods sector stocks.
On the global front, most of the Asian markets ended in the red, except China’s Shanghai Composite, as oil’s renewed slide to below USD 40 per barrel signaled alarm bells over the health of the world economy while Japan’s stimulus package left investors disappointed.
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03/08/2016 13:21Pm
Click Here & Register To Get 2 days Trial Tips
13.21 Pm - Nifty Fut : SELL Zone
Indian equity benchmarks extended losses during the afternoon session on Wednesday as participants indulged in selling in various counters amid caution ahead of the much awaited debate on the GST bill in Rajya Sabha today.
At 1:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,734.41, down by 247.3 points or 0.88 per cent while the NSE Nifty was at 8,556.15, down by 66.75 points or 0.77 per cent.
Meanwhile, India Services PMI rose to 51.9 in July, 2016 against 50.3 in the month of June. It was the strongest reading since April, mainly on account of a faster increase in both output and new work.
Major show spoilers were FMCG and capital goods sector stocks.
On the global front, most of the Asian markets ended in the red, except China’s Shanghai Composite, as oil’s renewed slide to below USD 40 per barrel signaled alarm bells over the health of the world economy while Japan’s stimulus package left investors disappointed.
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