Post Session: Sensex plunges 700 pts, Nifty ends below 8,300; broader markets crack : 11/11/2016 16:33
Trigged by sharp sell-off in broader markets, the key domestic benchmark indices ended bleeding in red 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.
The 30-share benchmark index closed trading at 26818.82, down by 698.86 points or by 2.54 per cent, and the NSE Nifty was at 8296.3, down by 229.45 points or by 2.69 per cent.
Traders also remained wary ahead of the September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy. India’s industrial output probably expanded 1 per cent in September 2016 from the same month a year ago, following an annual contraction of 0.7 per cent in August 2016.
Adding the woes, index heavyweight State Bank of India tumbled over 3 per cent after it reported a fall of 34.6 per cent in its standalone net profit for the second quarter ended September 30, 2016 at Rs 2,538.32 crore, as provisions against bad loans doubled.
During the day’s trade, the BSE Sensex touched intraday high of 27344.85 and intraday low of 26777.18, while the NSE Nifty touched intraday high of 8460.6 and intraday low of 8284.95.
In line with benchmark indices, the broader market also ended bleeding in red with the BSE MIDCAP closing at 12464.02, down by 467.56 points or by 3.62 per cent, while the BSE SMLCAP settled at 12485.07, down by 441.71 points or by 3.42 per cent.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1241.85,-6.02%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.50,-5.86%), ICICI Bank Ltd. (Rs. 277.00,-5.32%), Hero MotoCorp Ltd. (Rs. 2981.75,-5.18%), Asian Paints Ltd. (Rs. 963.60,-5.02%), among others.
On the sectoral front, all the thirteen indices ended bleeding in red with auto and consumer durables stocks emerged as top losers, falling as much as 4.53 per cent and 4.19 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2963, shares advanced were 518 while 2284 shares declined and 161 were unchanged.
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 broader markets, the key domestic benchmark indices ended bleeding in red 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.
The 30-share benchmark index closed trading at 26818.82, down by 698.86 points or by 2.54 per cent, and the NSE Nifty was at 8296.3, down by 229.45 points or by 2.69 per cent.
Traders also remained wary ahead of the September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy. India’s industrial output probably expanded 1 per cent in September 2016 from the same month a year ago, following an annual contraction of 0.7 per cent in August 2016.
Adding the woes, index heavyweight State Bank of India tumbled over 3 per cent after it reported a fall of 34.6 per cent in its standalone net profit for the second quarter ended September 30, 2016 at Rs 2,538.32 crore, as provisions against bad loans doubled.
During the day’s trade, the BSE Sensex touched intraday high of 27344.85 and intraday low of 26777.18, while the NSE Nifty touched intraday high of 8460.6 and intraday low of 8284.95.
In line with benchmark indices, the broader market also ended bleeding in red with the BSE MIDCAP closing at 12464.02, down by 467.56 points or by 3.62 per cent, while the BSE SMLCAP settled at 12485.07, down by 441.71 points or by 3.42 per cent.
The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1241.85,-6.02%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.50,-5.86%), ICICI Bank Ltd. (Rs. 277.00,-5.32%), Hero MotoCorp Ltd. (Rs. 2981.75,-5.18%), Asian Paints Ltd. (Rs. 963.60,-5.02%), among others.
On the sectoral front, all the thirteen indices ended bleeding in red with auto and consumer durables stocks emerged as top losers, falling as much as 4.53 per cent and 4.19 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2963, shares advanced were 518 while 2284 shares declined and 161 were unchanged.
