Mid-Session; Bloodbath continues at D-St as Trump leads presidential race 09/11/2016 12:42
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices continued to bleed in red in late morning deal on Wednesday after media report suggested that Republican candidate Donald Trump is leading the US presidential elections, curbing appetite for riskier assets.
At 12:10 hours, the 30-share benchmark index was trading at 26693.75, down by 897.39 points or by 3.25 per cent, and the NSE Nifty was at 8269.45, down by 274.1 points or by 3.21 per cent.
The investors also reacted to the government’s surprise move of withdrawing currency notes of Rs 1,000 and Rs 500 as it seeks to crackdown on black money. The move, effective from Tuesday midnight, viewed as a positive one for the longer-term, but could adversely affect short-term consumption in Asia’s third biggest economy, making Dalal Street traders wary.
In the day’s trade so-far, Sensex touched an intraday high of 27026.28 and intraday low of 25902.45, while the NSE Nifty touched intraday high of 8351.15 and intraday low of 8002.25.
In line with benchmark indices, the broader market were also bleeding in red with the BSE MIDCAP was at 12314.67, down by 646.75 points or by 4.99 per cent, while the BSE SMLCAP was at 12289.83, down by 761.93 points or by 5.84 per cent.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 270.60,-6.98%), Hero MotoCorp Ltd. (Rs. 3162.00,-6.16%), ICICI Bank Ltd. (Rs. 267.05,-5.70%), Tata Consultancy Services Ltd. (Rs. 2155.00,-5.64%), Maruti Suzuki India Ltd. (Rs. 5406.05,-4.52%), among others.
On the sectoral front, all the thirteen indices were bleeding in red while realty and consumer durable stocks emerged as top losers, falling as much as 13.86 per cent and 6.95 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2665, shares advanced were 213 while 2374 shares declined and 78 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
At 12:10 hours, the 30-share benchmark index was trading at 26693.75, down by 897.39 points or by 3.25 per cent, and the NSE Nifty was at 8269.45, down by 274.1 points or by 3.21 per cent.
The investors also reacted to the government’s surprise move of withdrawing currency notes of Rs 1,000 and Rs 500 as it seeks to crackdown on black money. The move, effective from Tuesday midnight, viewed as a positive one for the longer-term, but could adversely affect short-term consumption in Asia’s third biggest economy, making Dalal Street traders wary.
In the day’s trade so-far, Sensex touched an intraday high of 27026.28 and intraday low of 25902.45, while the NSE Nifty touched intraday high of 8351.15 and intraday low of 8002.25.
In line with benchmark indices, the broader market were also bleeding in red with the BSE MIDCAP was at 12314.67, down by 646.75 points or by 4.99 per cent, while the BSE SMLCAP was at 12289.83, down by 761.93 points or by 5.84 per cent.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 270.60,-6.98%), Hero MotoCorp Ltd. (Rs. 3162.00,-6.16%), ICICI Bank Ltd. (Rs. 267.05,-5.70%), Tata Consultancy Services Ltd. (Rs. 2155.00,-5.64%), Maruti Suzuki India Ltd. (Rs. 5406.05,-4.52%), among others.
On the sectoral front, all the thirteen indices were bleeding in red while realty and consumer durable stocks emerged as top losers, falling as much as 13.86 per cent and 6.95 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2665, shares advanced were 213 while 2374 shares declined and 78 were unchanged.
