Mid-Session: Sensex, Nifty stay under selling pressure; FMCG, realty stocks down 1%
28/04/2017
The Indian equities continued bearish trade on Friday as investors resorted to profit booking ahead of a long weekend, tracking weak cues from Asian peers. The markets will remain closed on Monday for a public holiday. Bucking the trend, the broader markets were trading in green, with Midcap and Smlcap gaining between 0.19-0.24 per cent respectively. Prism Cement rallied over 9 per cent, hitting 52-week high, after the company received Letter of Intent from Madhya Pradesh government for allotment of cement grade limestone mining lease. India Tourism Development Corporation (ITDC) surged 10 per cent after it inked pact with Government of Madhya Pradesh (MP), Assam and Rajasthan for transfer of equity stake of the company in the joint venture subsidiary companies.
At 12:12 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29856.46, down by 173.28 points or by 0.58 per cent, and the NSE Nifty was at 9285.9, down by 56.25 points or by 0.6 per cent. During the day’s trade so far, the BSE Sensex touched intra-day high of 30067.64 and intraday low of 29848.21, while the NSE Nifty touched intraday high of 9342.65 and intraday low of 9282.25. The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 278.85,-2.19%), Housing Development Finance Corporation Ltd. (Rs. 1535.80,-2.01%), HDFC Bank Ltd. (Rs. 1538.50,-1.83%), Bharti Airtel Ltd. (Rs. 352.60,-1.49%), Lupin Ltd. (Rs. 1323.00,-1.07%), among others.
On the flip side, Tata Steel Ltd. (Rs. 453.90,+1.83%), Oil And Natural Gas Corporation Ltd. (Rs. 182.65,+1.73%), Maruti Suzuki India Ltd. (Rs. 6469.95,+1.55%), Asian Paints Ltd. (Rs. 1114.80,+1.10%), Coal India Ltd. (Rs. 277.30,+0.96%), were among the top gainers on BSE.
On the sectoral front, realty and FMCG were among top losers, falling as much as 1.61 per cent and 1.07 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2767, shares advanced were 1279 while 1338 shares declined and 150 were unchanged.
28/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities continued bearish trade on Friday as investors resorted to profit booking ahead of a long weekend, tracking weak cues from Asian peers. The markets will remain closed on Monday for a public holiday. Bucking the trend, the broader markets were trading in green, with Midcap and Smlcap gaining between 0.19-0.24 per cent respectively. Prism Cement rallied over 9 per cent, hitting 52-week high, after the company received Letter of Intent from Madhya Pradesh government for allotment of cement grade limestone mining lease. India Tourism Development Corporation (ITDC) surged 10 per cent after it inked pact with Government of Madhya Pradesh (MP), Assam and Rajasthan for transfer of equity stake of the company in the joint venture subsidiary companies.
At 12:12 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29856.46, down by 173.28 points or by 0.58 per cent, and the NSE Nifty was at 9285.9, down by 56.25 points or by 0.6 per cent. During the day’s trade so far, the BSE Sensex touched intra-day high of 30067.64 and intraday low of 29848.21, while the NSE Nifty touched intraday high of 9342.65 and intraday low of 9282.25. The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 278.85,-2.19%), Housing Development Finance Corporation Ltd. (Rs. 1535.80,-2.01%), HDFC Bank Ltd. (Rs. 1538.50,-1.83%), Bharti Airtel Ltd. (Rs. 352.60,-1.49%), Lupin Ltd. (Rs. 1323.00,-1.07%), among others.
On the flip side, Tata Steel Ltd. (Rs. 453.90,+1.83%), Oil And Natural Gas Corporation Ltd. (Rs. 182.65,+1.73%), Maruti Suzuki India Ltd. (Rs. 6469.95,+1.55%), Asian Paints Ltd. (Rs. 1114.80,+1.10%), Coal India Ltd. (Rs. 277.30,+0.96%), were among the top gainers on BSE.
On the sectoral front, realty and FMCG were among top losers, falling as much as 1.61 per cent and 1.07 per cent, respectively. The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2767, shares advanced were 1279 while 1338 shares declined and 150 were unchanged.
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