Post Session: Bears dominate D-St for 4th straight session; IT, Teck stocks drag:17/11/2016 16:38
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices continued their losing streak for the fourth straight session on Thursday, weighed down by losses in IT, Teck, consumer durables, healthcare and metal stocks, amid sustained foreign fund outflows coupled with weakening trend globally as investors remained in a risk-off mode.
The 30-share benchmark index closed trading at 26227.62, down by 71.07 points or by 0.27 per cent, and the NSE Nifty ended at 8079.95, down by 31.65 points or by 0.39 per cent.
The market expert opined that the government’s decision to demonetise currency notes affected spending in various sectors, impacting demand-led and consumption stocks in the market.
During the day’s trade, the BSE Sensex touched intraday high of 26449.87 and intraday low of 26155.4, while the NSE Nifty touched intraday high of 8151.25 and intraday low of 8060.3.
In line with benchmark indices, the broader market also ended in red with the BSE MIDCAP closing at 11999.25, down by 45.22 points or by 0.38 per cent, while the BSE SMLCAP ending at 11839.79, down by 68.32 points or by 0.57 per cent.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 296.35,-4.26%), Bajaj Auto Ltd. (Rs. 2544.35,-2.55%), Tata Consultancy Services Ltd. (Rs. 2142.15,-2.20%), Coal India Ltd. (Rs. 306.10,-2.08%), Asian Paints Ltd. (Rs. 918.25,-1.72%), among others.
On the flip side, Tata Motors Ltd. (Rs. 472.60,+3.21%), Power Grid Corporation of India Ltd. (Rs. 192.95,+2.66%), GAIL (India) Ltd. (Rs. 435.00,+1.52%), Cipla Ltd. (Rs. 544.70,+1.12%), NTPC Ltd. (Rs. 151.50,+1.00%), were among top gainers on BSE.
On the sectoral front, Teck and IT stocks emerged as top losers, falling as much as 1.66 per cent and 1.38 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2929, shares advanced were 1029 while 1733 shares declined and 167 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The 30-share benchmark index closed trading at 26227.62, down by 71.07 points or by 0.27 per cent, and the NSE Nifty ended at 8079.95, down by 31.65 points or by 0.39 per cent.
The market expert opined that the government’s decision to demonetise currency notes affected spending in various sectors, impacting demand-led and consumption stocks in the market.
During the day’s trade, the BSE Sensex touched intraday high of 26449.87 and intraday low of 26155.4, while the NSE Nifty touched intraday high of 8151.25 and intraday low of 8060.3.
In line with benchmark indices, the broader market also ended in red with the BSE MIDCAP closing at 11999.25, down by 45.22 points or by 0.38 per cent, while the BSE SMLCAP ending at 11839.79, down by 68.32 points or by 0.57 per cent.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 296.35,-4.26%), Bajaj Auto Ltd. (Rs. 2544.35,-2.55%), Tata Consultancy Services Ltd. (Rs. 2142.15,-2.20%), Coal India Ltd. (Rs. 306.10,-2.08%), Asian Paints Ltd. (Rs. 918.25,-1.72%), among others.
On the flip side, Tata Motors Ltd. (Rs. 472.60,+3.21%), Power Grid Corporation of India Ltd. (Rs. 192.95,+2.66%), GAIL (India) Ltd. (Rs. 435.00,+1.52%), Cipla Ltd. (Rs. 544.70,+1.12%), NTPC Ltd. (Rs. 151.50,+1.00%), were among top gainers on BSE.
On the sectoral front, Teck and IT stocks emerged as top losers, falling as much as 1.66 per cent and 1.38 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2929, shares advanced were 1029 while 1733 shares declined and 167 were unchanged.
