Mid-Session: Sensex, Nifty trade flat ahead of US election; healthcare, FMCG stocks weigh
08/11/2016 12:24
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The key domestic benchmark indices continued lackluster trade in late morning deal on Tuesday, led by losses in healthcare and FMCG stocks, as caution prevailed in market as Americans are set to cast their ballots in the US Presidential election. Funds and retail investors booked profit as they remained cautious over improving prospects for a win by Hillary Clinton as opinion polls showed that Democrat candidate was ahead of Donald Trump by three percentage points.
At 12:10 hours, the 30-share benchmark index was trading at 27444.83, down by 14.16 points or by 0.05 per cent, and the NSE Nifty was at 8498.9, up by 1.85 points or by 0.02 per cent.
In the day’s trade so-far, Sensex touched an intraday high of 27600.71 and intraday low of 27437.88, while the NSE Nifty touched intraday high of 8543.15 and intraday low of 8489.3.
The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 638.00,-2.93%), Maruti Suzuki India Ltd. (Rs. 5608.00,-1.97%), ITC Ltd. (Rs. 252.80,-1.52%), Adani Ports & Special Economic Zone Ltd. (Rs. 289.30,-1.48%), Cipla Ltd. (Rs. 539.50,-1.15%), among others.
Meanwhile, Tata Motors Ltd. (Rs. 534.35,+5.33%), Bajaj Auto Ltd. (Rs. 2861.55,+1.18%), Asian Paints Ltd. (Rs. 1049.80,+1.17%), Dr. Reddy's Laboratories Ltd. (Rs. 3133.50,+1.12%), Power Grid Corporation of India Ltd. (Rs. 176.00,+1.09%), were among top gainers on BSE.
On the sectoral front, healthcare and FMCG stocks were leading the losses, falling as much as 0.98 per cent and 0.7 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2756, shares advanced were 1220 while 1436 shares declined and 100 were unchanged.
08/11/2016 12:24
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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At 12:10 hours, the 30-share benchmark index was trading at 27444.83, down by 14.16 points or by 0.05 per cent, and the NSE Nifty was at 8498.9, up by 1.85 points or by 0.02 per cent.
In the day’s trade so-far, Sensex touched an intraday high of 27600.71 and intraday low of 27437.88, while the NSE Nifty touched intraday high of 8543.15 and intraday low of 8489.3.
The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 638.00,-2.93%), Maruti Suzuki India Ltd. (Rs. 5608.00,-1.97%), ITC Ltd. (Rs. 252.80,-1.52%), Adani Ports & Special Economic Zone Ltd. (Rs. 289.30,-1.48%), Cipla Ltd. (Rs. 539.50,-1.15%), among others.
Meanwhile, Tata Motors Ltd. (Rs. 534.35,+5.33%), Bajaj Auto Ltd. (Rs. 2861.55,+1.18%), Asian Paints Ltd. (Rs. 1049.80,+1.17%), Dr. Reddy's Laboratories Ltd. (Rs. 3133.50,+1.12%), Power Grid Corporation of India Ltd. (Rs. 176.00,+1.09%), were among top gainers on BSE.
On the sectoral front, healthcare and FMCG stocks were leading the losses, falling as much as 0.98 per cent and 0.7 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2756, shares advanced were 1220 while 1436 shares declined and 100 were unchanged.
