Post Session-Bearish end to the week for Dalal Street
09/09/2016 16:23
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks witnessed a negative finish on Friday as global worries including a fifth nuclear test by North Korea and uncertainty over further stimulus in Europe curbed risk taking appetite at Dalal Street. Profit-booking after the bourses jumped to a 17-month high in the previous session, and caution ahead of key macro-economic data also weighed.
The 30-share BSE SENSEX closed at 28,797.25, down by 248.03 points or by 0.85 per cent and the NSE Nifty ended at 8,866.7, down by 85.8 points or by 0.96 per cent. The BSE Sensex touched intraday high of 29,062.9 and intraday low of 28,755.08 The NSE Nifty touched intraday high of 8,939.15 and intraday low of 8,858.7.
The focus was on the IIP data to be released after market hours today and consumer inflation on Monday. India’s industrial production expanded by 2.1 per cent, year-on-year in June 2016. Analysts expect industrial output to have risen 1.37 per cent in July 2016 from the year ago. Consumer inflation may have eased to 5.5 per cent in August 2016 from 6.07 per cent in July 2016.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (down 2.54 per cent), ITC Ltd. (down 2.49 per cent), Hindustan Unilever Ltd. (down 2.24 per cent), Tata Steel Ltd. (down 2.08 per cent) and Hero MotoCorp Ltd. (down 2.00 per cent), among others.
Sector-wise, Metal & FMCG fell over 1.7 per cent, each.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3079, shares advanced were 1205 while 1671 shares declined and 203 were unchanged.
Asian shares ended mixed as a fifth nuclear test by North Korea spurred geopolitical worries and as traders weighed the prospects over further policy easing in Japan and Europe after the ECB refrained from a boost in its QE plan. Shanghai Composite fell as China’s factory-gate prices fell 0.8 per cent in August 2016, year-on-year while consumer inflation at 1.3 per cent was subdued. Hang Seng rose and Japan’s Nikkei 225 ended flat.
09/09/2016 16:23
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks witnessed a negative finish on Friday as global worries including a fifth nuclear test by North Korea and uncertainty over further stimulus in Europe curbed risk taking appetite at Dalal Street. Profit-booking after the bourses jumped to a 17-month high in the previous session, and caution ahead of key macro-economic data also weighed.
The 30-share BSE SENSEX closed at 28,797.25, down by 248.03 points or by 0.85 per cent and the NSE Nifty ended at 8,866.7, down by 85.8 points or by 0.96 per cent. The BSE Sensex touched intraday high of 29,062.9 and intraday low of 28,755.08 The NSE Nifty touched intraday high of 8,939.15 and intraday low of 8,858.7.
The focus was on the IIP data to be released after market hours today and consumer inflation on Monday. India’s industrial production expanded by 2.1 per cent, year-on-year in June 2016. Analysts expect industrial output to have risen 1.37 per cent in July 2016 from the year ago. Consumer inflation may have eased to 5.5 per cent in August 2016 from 6.07 per cent in July 2016.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (down 2.54 per cent), ITC Ltd. (down 2.49 per cent), Hindustan Unilever Ltd. (down 2.24 per cent), Tata Steel Ltd. (down 2.08 per cent) and Hero MotoCorp Ltd. (down 2.00 per cent), among others.
Sector-wise, Metal & FMCG fell over 1.7 per cent, each.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3079, shares advanced were 1205 while 1671 shares declined and 203 were unchanged.
Asian shares ended mixed as a fifth nuclear test by North Korea spurred geopolitical worries and as traders weighed the prospects over further policy easing in Japan and Europe after the ECB refrained from a boost in its QE plan. Shanghai Composite fell as China’s factory-gate prices fell 0.8 per cent in August 2016, year-on-year while consumer inflation at 1.3 per cent was subdued. Hang Seng rose and Japan’s Nikkei 225 ended flat.
