Mid-Session: Sensex, Nifty continue lackluster trade; HCC zooms 20%
01/09/2016 12:26
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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At 12:20 PM, the Bombay Stock Exchange bellwether Sensex was at 28,439.07, down by 13.10 points or by 0.05 per cent, and the NSE Nifty was at 8,782.55, down by 3.65 points or by 0.04 per cent.
Shares of Hindustan Construction Company (HCC) zoomed 20 per cent, hitting 52-week high, on the Bombay Stock Exchange after the public-private company said that its debt would reduce in half with Cabinet decision on arbitration awards.
On the global front, Asian stocks were trading mixed with Hang Seng and Japan’s Nikkei 225 were up, while Shanghai Composite was reeling under selling pressure as traders awaited the much anticipated US jobs data to be released on Friday, and which will offer further clues over the timing of the next Fed interest rate hike.
01/09/2016 12:26
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
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Amidst choppy trade, the key domestic benchmark indices edged lower in late morning deal on Thursday as traders react to weaker-than-expected Q1 GDP growth in Asia’s third biggest economy while a mixed trend in global markets also curbed risk taking appetite. Cement stocks were under pressure after media reported that the Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalties on 11 cement companies for cartelisation.At 12:20 PM, the Bombay Stock Exchange bellwether Sensex was at 28,439.07, down by 13.10 points or by 0.05 per cent, and the NSE Nifty was at 8,782.55, down by 3.65 points or by 0.04 per cent.
Shares of Hindustan Construction Company (HCC) zoomed 20 per cent, hitting 52-week high, on the Bombay Stock Exchange after the public-private company said that its debt would reduce in half with Cabinet decision on arbitration awards.
On the global front, Asian stocks were trading mixed with Hang Seng and Japan’s Nikkei 225 were up, while Shanghai Composite was reeling under selling pressure as traders awaited the much anticipated US jobs data to be released on Friday, and which will offer further clues over the timing of the next Fed interest rate hike.
