Sell-off grips D-Street; realty, metal weigh
12/09/2016 11:38
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Tracking bearish trend across fellow Asian peers after rising bets on a possible US rate hike, Indian equity benchmarks continued to trade in a negative territory during the late morning deals on Monday led by selling pressure mainly in the realty, metal, auto and banking sector stocks.
At 11:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,392.4, down by 404.85 points or 1.41 per cent while the NSE Nifty was at 8,730.9, down by 135.8 points or 1.53 per cent.
Further, domestic market sentiment dampened, as central banks in the world’s biggest economies start to question the benefits of loose monetary policies, curbing risk taking appetite.
Also, traders keenly eyed 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 2,399 shares traded, 548 advanced while 1,741 shares declined and 110 remained unchanged.
On the global front, Asian markets were trading in the red amid jitters over the outlook for monetary policies in some of the world’s biggest economies. Boston Federal Reserve Bank of President Eric Rosengren urged policymakers to tighten interest rates as waiting too long may overheat the US economy.
12/09/2016 11:38
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Tracking bearish trend across fellow Asian peers after rising bets on a possible US rate hike, Indian equity benchmarks continued to trade in a negative territory during the late morning deals on Monday led by selling pressure mainly in the realty, metal, auto and banking sector stocks.
At 11:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,392.4, down by 404.85 points or 1.41 per cent while the NSE Nifty was at 8,730.9, down by 135.8 points or 1.53 per cent.
Further, domestic market sentiment dampened, as central banks in the world’s biggest economies start to question the benefits of loose monetary policies, curbing risk taking appetite.
Also, traders keenly eyed 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 2,399 shares traded, 548 advanced while 1,741 shares declined and 110 remained unchanged.
On the global front, Asian markets were trading in the red amid jitters over the outlook for monetary policies in some of the world’s biggest economies. Boston Federal Reserve Bank of President Eric Rosengren urged policymakers to tighten interest rates as waiting too long may overheat the US economy.
