Bears continue to dominate D-Street; realty, metal stocks drag
12/09/2016 13:39
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks extended losses during the afternoon session on Monday on renewed bets on the possiblility of US interest rate hike. Selling pressure was witnessed mainly in the realty, metal, auto and banking sector stocks.
At 1:12 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,437.23, down by 360.02 points or 1.25 per cent while the NSE Nifty was at 8,737.5, down by 129.2 points or 1.46 per cent.
Also, uncertainty over the outlook for global monetary policies may spur volatility in capital flows in emerging market economies, curbing risk taking appetite.
Meanwhile, participants remained cautious ahead of the IIP data and retail inflation numbers to be released later in the day which will offer further cues over the health of Asia’s third biggest economy.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,732 shares traded, 715 advanced while 1,852 shares declined and 165 remained unchanged.
On the global front, Asian markets were red amid jitters over the outlook for monetary policies in some of the world’s biggest economies.
12/09/2016 13:39
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks extended losses during the afternoon session on Monday on renewed bets on the possiblility of US interest rate hike. Selling pressure was witnessed mainly in the realty, metal, auto and banking sector stocks.
At 1:12 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,437.23, down by 360.02 points or 1.25 per cent while the NSE Nifty was at 8,737.5, down by 129.2 points or 1.46 per cent.
Also, uncertainty over the outlook for global monetary policies may spur volatility in capital flows in emerging market economies, curbing risk taking appetite.
Meanwhile, participants remained cautious ahead of the IIP data and retail inflation numbers to be released later in the day which will offer further cues over the health of Asia’s third biggest economy.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,732 shares traded, 715 advanced while 1,852 shares declined and 165 remained unchanged.
On the global front, Asian markets were red amid jitters over the outlook for monetary policies in some of the world’s biggest economies.
