Mid-Session: Sensex, Nifty edge lower in choppy trade; Shipping Corp hits 52-week high
15/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities slipped in negative terrain in choppy trade on Thursday, tracking weak cues from Asian peers, as investors weighed the US Federal Reserve decision to raise interest rates for the second time this year. The US Fed on Wednesday hiked bank rates by 25 basis points and announced gradual bond-trimming plan by shrinking its USD 4.5 trillion in bond holdings. Shares of state-run Shipping Corporation of India zoomed nearly 16 per cent, hitting 52-week high, after media report suggested that the government is planning to offload 26 per cent stake in the company. At 12:10 hours, the 30-share barometer Sensex was at 31123.6, down by 32.31 points or by 0.1 per cent, and the NSE Nifty was at 9593.25, down by 24.9 points or by 0.26 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31229.44 and intraday low of 31109.55, while the NSE Nifty touched intraday high of 9621.4 and intraday low of 9589.4.
The top losers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 375.95,-1.29%), Coal India Ltd. (Rs. 254.00,-1.28%), Mahindra & Mahindra Ltd. (Rs. 1387.95,-1.22%), Tata Consultancy Services Ltd. (Rs. 2442.35,-1.15%), Larsen & Toubro Ltd. (Rs. 1741.80,-1.12%), among others. On the flip side, Reliance Industries Ltd. (Rs. 1380.80,+1.84%), Dr. Reddy's Laboratories Ltd. (Rs. 2705.20,+1.51%), Wipro Ltd. (Rs. 259.80,+1.46%), Sun Pharmaceutical Industries Ltd. (Rs. 544.30,+1.08%), Cipla Ltd. (Rs. 544.25,+0.83%), were among the top gainers on BSE.
On the sectoral front, oil&gas and PSU stocks emerged as top losers, falling as much as 0.95 per cent and 0.83 per cent respectively. The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2616, shares advanced were 1352 while 1132 shares declined and 132 were unchanged.
15/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities slipped in negative terrain in choppy trade on Thursday, tracking weak cues from Asian peers, as investors weighed the US Federal Reserve decision to raise interest rates for the second time this year. The US Fed on Wednesday hiked bank rates by 25 basis points and announced gradual bond-trimming plan by shrinking its USD 4.5 trillion in bond holdings. Shares of state-run Shipping Corporation of India zoomed nearly 16 per cent, hitting 52-week high, after media report suggested that the government is planning to offload 26 per cent stake in the company. At 12:10 hours, the 30-share barometer Sensex was at 31123.6, down by 32.31 points or by 0.1 per cent, and the NSE Nifty was at 9593.25, down by 24.9 points or by 0.26 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31229.44 and intraday low of 31109.55, while the NSE Nifty touched intraday high of 9621.4 and intraday low of 9589.4.
The top losers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 375.95,-1.29%), Coal India Ltd. (Rs. 254.00,-1.28%), Mahindra & Mahindra Ltd. (Rs. 1387.95,-1.22%), Tata Consultancy Services Ltd. (Rs. 2442.35,-1.15%), Larsen & Toubro Ltd. (Rs. 1741.80,-1.12%), among others. On the flip side, Reliance Industries Ltd. (Rs. 1380.80,+1.84%), Dr. Reddy's Laboratories Ltd. (Rs. 2705.20,+1.51%), Wipro Ltd. (Rs. 259.80,+1.46%), Sun Pharmaceutical Industries Ltd. (Rs. 544.30,+1.08%), Cipla Ltd. (Rs. 544.25,+0.83%), were among the top gainers on BSE.
On the sectoral front, oil&gas and PSU stocks emerged as top losers, falling as much as 0.95 per cent and 0.83 per cent respectively. The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2616, shares advanced were 1352 while 1132 shares declined and 132 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
