Sensex tanks 394 points amid weak global cues
12/09/2016 10:29
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Further, the investors remained on the sidelines ahead of IIP data and retail inflation numbers to be released today which will offer further cues over the health of Asia’s third biggest economy. India’s industrial production expanded 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.
Among the sectors, all the thirteen indices, barring IT and TECK, were trading in red while rate sensitive realty and financial stocks were leading the decline, falling as much as 2.27 per cent and 2.21per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2203 , shares advanced were 498 while 1607 shares declined and 98 were unchanged.
12/09/2016 10:29
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices continued to bleed during the morning trading session tracking weakness in Asia and a plunge in US stocks on Friday on rising prospects that the US Federal Reserve could hike interest rates soon.Further, the investors remained on the sidelines ahead of IIP data and retail inflation numbers to be released today which will offer further cues over the health of Asia’s third biggest economy. India’s industrial production expanded 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.
Among the sectors, all the thirteen indices, barring IT and TECK, were trading in red while rate sensitive realty and financial stocks were leading the decline, falling as much as 2.27 per cent and 2.21per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2203 , shares advanced were 498 while 1607 shares declined and 98 were unchanged.
