Mid-Session: Sell-off grips D-Street; IT, Teck stocks drag
20/03/2017 12:41
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks continued their southward journey during the noon trading session on Monday as traders turned jittery on lingering concerns over the BJP Government's future reform policies in view of the Yogi Adityanath’s appointment as the UP Chief Minister.
At 12:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,519.4 down by 129.59 points or 0.44 per cent while the NSE Nifty was at 9,128.8 down by 31.25 points or 0.34 per cent.
Meanwhile, the cabinet on Monday has cleared 4 supporting GST legislations, paving the way for their introduction in Parliament. As per the media reports, the 4 supporting legislations i.e. the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST), would be introduced as Money Bill, restricted further losses at D-Street.
Markets witnessed selling pressure mainly in the IT and Teck sector stocks. Shares of Idea Cellular fell over 7 per cent after the Vodafone merger finalised.
Major show spoilers were ICICI Bank Ltd. (Rs. 274.65,-2.17%), Infosys Ltd. (Rs. 1019.95,-1.93%), Tata Steel Ltd. (Rs. 493.50,-1.70%), Tata Consultancy Services Ltd. (Rs. 2488.50,-1.52%), Axis Bank Ltd. (Rs. 509.70,-1.41%), among others.
The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1463.00,+0.84%), Lupin Ltd. (Rs. 1464.90,+0.78%), HDFC Bank Ltd. (Rs. 1436.55,+0.74%), NTPC Ltd. (Rs. 161.25,+0.72%), Adani Ports & Special Economic Zone Ltd. (Rs. 326.00,+0.43%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,846 shares traded, 1,286 advanced while 1,370 shares declined and 190 remained unchanged.
20/03/2017 12:41
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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Indian equity benchmarks continued their southward journey during the noon trading session on Monday as traders turned jittery on lingering concerns over the BJP Government's future reform policies in view of the Yogi Adityanath’s appointment as the UP Chief Minister.
At 12:16 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,519.4 down by 129.59 points or 0.44 per cent while the NSE Nifty was at 9,128.8 down by 31.25 points or 0.34 per cent.
Meanwhile, the cabinet on Monday has cleared 4 supporting GST legislations, paving the way for their introduction in Parliament. As per the media reports, the 4 supporting legislations i.e. the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST), would be introduced as Money Bill, restricted further losses at D-Street.
Markets witnessed selling pressure mainly in the IT and Teck sector stocks. Shares of Idea Cellular fell over 7 per cent after the Vodafone merger finalised.
Major show spoilers were ICICI Bank Ltd. (Rs. 274.65,-2.17%), Infosys Ltd. (Rs. 1019.95,-1.93%), Tata Steel Ltd. (Rs. 493.50,-1.70%), Tata Consultancy Services Ltd. (Rs. 2488.50,-1.52%), Axis Bank Ltd. (Rs. 509.70,-1.41%), among others.
The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1463.00,+0.84%), Lupin Ltd. (Rs. 1464.90,+0.78%), HDFC Bank Ltd. (Rs. 1436.55,+0.74%), NTPC Ltd. (Rs. 161.25,+0.72%), Adani Ports & Special Economic Zone Ltd. (Rs. 326.00,+0.43%), among others.
The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,846 shares traded, 1,286 advanced while 1,370 shares declined and 190 remained unchanged.
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