Mid-Session: Sensex slumps 450 pts, Nifty slips below 8,400; CDS, realty stocks crack:11/11/2016 12:29
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Trigged by sharp sell-off in consumer durables and realty stocks, the key domestic benchmark indices stayed under selling pressure in late morning deal on Friday, tracking a mixed trend across markets in Asia as investors ponder over what the priorities for the new US President Donald Trump and his administration will be, curbing risk taking appetite.
At 12:18 hours, the 30-share benchmark index was trading at 27063.6, down by 454.08 points or by 1.65 per cent, and the NSE Nifty was at 8377.3, down by 148.45 points or by 1.74 per cent.
In the day’s trade so-far, Sensex touched an intraday high of 27344.85 and intraday low of 27045.09, while the NSE Nifty touched intraday high of 8460.6 and intraday low of 8372.8.
In line with benchmark indices, the broader market were bleeding in red with the BSE MIDCAP was at 12573.89, down by 357.69 points or by 2.77 per cent, while the BSE SMLCAP was at 12607.94, down by 318.84 points or by 2.47 per cent.
The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2986.50,-5.03%), GAIL (India) Ltd. (Rs. 430.25,-4.24%), Adani Ports & Special Economic Zone Ltd. (Rs. 281.95,-4.00%), Maruti Suzuki India Ltd. (Rs. 5123.70,-3.78%), ICICI Bank Ltd. (Rs. 281.75,-3.69%), among others.
On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 699.25,+4.84%), Oil And Natural Gas Corporation Ltd. (Rs. 276.80,+0.33%), HDFC Bank Ltd. (Rs. 1278.00,+0.14%), were among top gainers on the BSE.
On the sectoral front, consumer durables and realty stocks emerged as top losers, falling as much as 4.59 per cent and 4.39 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2579, shares advanced were 441 while 1999 shares declined and 139 were unchanged.
