Mid-Session: Markets continue to trade in red; Healthcare, IT stocks drag
07/04/2017 12:34
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks continued to trade in the negative territory during the noon trade on Friday tracking mixed cues from fellow Asian peers following rising geopolitical concerns after US’s decision of missile strike against Syria bases.
At 12:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,839.35 down by 87.99 points or 0.29 per cent while the NSE Nifty was at 9,233.1 down by 28.85 points or 0.31 per cent.
Market witnessed selling pressure mainly in the healthcare and IT sector stocks.
Meanwhile, for further clues investors keenly awaited the start of corporate earnings of March quarter due next week.
Shares of Sun Pharmaceutical Industries slipped nearly 2.04 per cent after reports in media that USFDA had conducted a surprise audit at its Dadra plant.
Major show spoilers were Sun Pharmaceutical Industries Ltd. (Rs. 672.50,-2.04%), Coal India Ltd. (Rs. 282.75,-1.36%), Dr. Reddy's Laboratories Ltd. (Rs. 2674.40,-1.36%), Hindustan Unilever Ltd. (Rs. 922.00,-1.26%), Reliance Industries Ltd. (Rs. 1420.20,-1.26%), among others.
The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 350.00,+2.44%), Larsen & Toubro Ltd. (Rs. 1709.55,+1.60%), Bajaj Auto Ltd. (Rs. 2835.00,+1.21%), GAIL (India) Ltd. (Rs. 389.45,+0.67%), Tata Consultancy Services Ltd. (Rs. 2410.00,+0.43%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2832 shares traded, 1485 advanced while 1189 shares declined and 158 remained unchanged.
On the global front, Asian markets were mixed amid rising geopolitical concerns after US missile strike against Syria.
07/04/2017 12:34
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 to trade in the negative territory during the noon trade on Friday tracking mixed cues from fellow Asian peers following rising geopolitical concerns after US’s decision of missile strike against Syria bases.
At 12:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 29,839.35 down by 87.99 points or 0.29 per cent while the NSE Nifty was at 9,233.1 down by 28.85 points or 0.31 per cent.
Market witnessed selling pressure mainly in the healthcare and IT sector stocks.
Meanwhile, for further clues investors keenly awaited the start of corporate earnings of March quarter due next week.
Shares of Sun Pharmaceutical Industries slipped nearly 2.04 per cent after reports in media that USFDA had conducted a surprise audit at its Dadra plant.
Major show spoilers were Sun Pharmaceutical Industries Ltd. (Rs. 672.50,-2.04%), Coal India Ltd. (Rs. 282.75,-1.36%), Dr. Reddy's Laboratories Ltd. (Rs. 2674.40,-1.36%), Hindustan Unilever Ltd. (Rs. 922.00,-1.26%), Reliance Industries Ltd. (Rs. 1420.20,-1.26%), among others.
The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 350.00,+2.44%), Larsen & Toubro Ltd. (Rs. 1709.55,+1.60%), Bajaj Auto Ltd. (Rs. 2835.00,+1.21%), GAIL (India) Ltd. (Rs. 389.45,+0.67%), Tata Consultancy Services Ltd. (Rs. 2410.00,+0.43%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2832 shares traded, 1485 advanced while 1189 shares declined and 158 remained unchanged.
On the global front, Asian markets were mixed amid rising geopolitical concerns after US missile strike against Syria.
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