Sensex plunges 415 points; Nifty at 8700 12/09/2016 14:18

Sensex plunges 415 points; Nifty at 8700
12/09/2016 14:18

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE


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Indian equities continued to bleed during the late noon trading session following bearish global cues, coupled with heavy selling in Metal, Realty, Capital Goods, Auto and Banking stocks.

The 30-share benchmark index was trading at 28381.29 down by 415.96 points or by 1.44 per cent, while the NSE Nifty was at 8725.6 down by 141.1 points or by 1.59 per cent.

The sentiments were under pressure amid the global turmoil after a prominent US policy maker hinted at a rate hike by the US Fed in the near future. Investors also turned cautious ahead of macroeconomic data IIP for July scheduled to be released today after the market hours.

In BSE, BSE Metal index was at 9677.43 down by -403.42 points or by -4%. Hindalco Industries Ltd. (Rs. 142.05,-8.18%), Vedanta Ltd. (Rs. 162.30,-5.45%), NMDC Ltd. (Rs. 105.30,-4.96%), Jindal Steel & Power Ltd. (Rs. 80.95,-4.82%), Steel Authority of India (SAIL) Ltd. (Rs. 48.35,-4.54%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2844 , shares advanced were 705 while 1971 shares declined and 168 were unchanged.

On the global front, Asian peers ended the day in red while European counters were also hovering red.