Sensex erases gains; Nifty holds 8700 15/09/2016 10:32

Sensex erases gains; Nifty holds 8700
15/09/2016 10:32
NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE


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The key domestic benchmark indices slipped into negative zone after making a positive start with select private banks leading the decline along with IT majors.

At 10:25 hours, the 30-share benchmark index was trading at 28348.2 down by 24.03 points or by 0.08 per cent, while the NSE Nifty was at 8712.5 down by 14.1 points or by 0.16 per cent.

Reduced prospects of central bank monetary stimulus from key developed economies coupled with uncertainty surrounding the exact timing of a US interest rate hike continued to keep sentiment choppy at Dalal Street.

On the global front, Asian peers were trading mixed as cautioned ruled sentiment ahead of upcoming central bank meetings next week.