Mid-Session: Markets trim early gains; FMCG, Realty stocks lead
17/03/2017 12:45
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Tracking weak cues from fellow Asian peers, Indian equity benchmarks pared early morning gains but continued to trade in the positive terrain during the noon trading session on Friday on continued buying by traders and capital inflows from foreign investors.
At 12:22 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,665.6 up by 79.75 points or 0.27 per cent while the NSE Nifty was at 9,154.75 up by 1.05 points or by 0.01 per cent.
Market sentiment also got a boost after the GST council cleared the two supporting bills on Thursday, paving the way for their introduction in the Parliament and state legislatures for the planned rollout of the indirect tax reform in July.
Meanwhile, buying momentum was witnessed mainly in the FMCG and realty sector stocks.
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 286.75,+6.92%), Lupin Ltd. (Rs. 1467.25,+0.74%), Maruti Suzuki India Ltd. (Rs. 6185.45,+0.64%), Wipro Ltd. (Rs. 502.10,+0.51%), HDFC Bank Ltd. (Rs. 1423.60,+0.38%), among others.
Major show spoilers were Bharti Airtel Ltd. (Rs. 351.20,-2.51%), State Bank of India (Rs. 274.95,-1.43%), ICICI Bank Ltd. (Rs. 281.00,-1.21%), Larsen & Toubro Ltd. (Rs. 1549.50,-1.20%), Bajaj Auto Ltd. (Rs. 2902.05,-1.18%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2808 shares traded, 1057 advanced while 1592 shares declined and 159 remained unchanged.
On the global front, major Asian markets were red with China’s Shanghai Composite and Hong Kong’s Hang Seng were down nearly 0.81 per cent and 0.16 per cent respectively. While Japan’s Nikkei 225 also ended down by 0.35 per cent.
17/03/2017 12:45
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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Tracking weak cues from fellow Asian peers, Indian equity benchmarks pared early morning gains but continued to trade in the positive terrain during the noon trading session on Friday on continued buying by traders and capital inflows from foreign investors.
At 12:22 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,665.6 up by 79.75 points or 0.27 per cent while the NSE Nifty was at 9,154.75 up by 1.05 points or by 0.01 per cent.
Market sentiment also got a boost after the GST council cleared the two supporting bills on Thursday, paving the way for their introduction in the Parliament and state legislatures for the planned rollout of the indirect tax reform in July.
Meanwhile, buying momentum was witnessed mainly in the FMCG and realty sector stocks.
The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 286.75,+6.92%), Lupin Ltd. (Rs. 1467.25,+0.74%), Maruti Suzuki India Ltd. (Rs. 6185.45,+0.64%), Wipro Ltd. (Rs. 502.10,+0.51%), HDFC Bank Ltd. (Rs. 1423.60,+0.38%), among others.
Major show spoilers were Bharti Airtel Ltd. (Rs. 351.20,-2.51%), State Bank of India (Rs. 274.95,-1.43%), ICICI Bank Ltd. (Rs. 281.00,-1.21%), Larsen & Toubro Ltd. (Rs. 1549.50,-1.20%), Bajaj Auto Ltd. (Rs. 2902.05,-1.18%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2808 shares traded, 1057 advanced while 1592 shares declined and 159 remained unchanged.
On the global front, major Asian markets were red with China’s Shanghai Composite and Hong Kong’s Hang Seng were down nearly 0.81 per cent and 0.16 per cent respectively. While Japan’s Nikkei 225 also ended down by 0.35 per cent.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
