Mid-Session: Sensex, Nifty stay under stress; aviation stocks rally
21/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities continued lackluster trade on Wednesday in lack of any major development on domestic or global front, tracking weak cues from Asian peers, amid rising concerns over renewed slump in crude oil price. Aviation stocks were trading higher, with InterGlobe Aviation and SpiceJet hitting 52-week high on strong growth in passenger traffic in May and lower crude oil prices. In absence of any major trigger, market may take cues from progress of monsoons and the country's preparedness for GST as government proposes to cancel registration of firms who will not pass on benefits of reduced prices to customers. At 12:20 hours, the 30-share barometer Sensex was at 31243.26, down by 54.27 points or by 0.17 per cent, and the NSE Nifty was at 9621.8, down by 31.7 points or by 0.33 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31305.6 and intraday low of 31193.61, while the NSE Nifty touched intraday high of 9650.45 and intraday low of 9609.35. The Indian Rupee also continued losing spree against the greenback for the second day on Wednesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. At the Interbank Foreign Exchange Market, the local currency was trading 12 paise lower at 64.66 per dollar against the previous close of 64.54 at 12:20 hour. During the day’s trade so far, rupee touched an intra-day low of 64.72 after opening at 64.67. The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 165.85,-1.69%), Lupin Ltd. (Rs. 1095.15,-1.55%), Cipla Ltd. (Rs. 538.50,-1.41%), Tata Motors Ltd. (Rs. 461.00,-1.32%), Tata Consultancy Services Ltd. (Rs. 2409.85,-1.30%), among others.
On the flip side, Larsen & Toubro Ltd. (Rs. 1766.90,+0.93%), Reliance Industries Ltd. (Rs. 1420.50,+0.58%), Hindustan Unilever Ltd. (Rs. 1101.05,+0.45%), Maruti Suzuki India Ltd. (Rs. 7245.50,+0.42%), Sun Pharmaceutical Industries Ltd. (Rs. 525.80,+0.38%), were among the top gainers on BSE. On the sectoral front, IT and oil&gas stocks emerged as top losers, falling as much as 0.64 per cent and 0.63 per cent respectively.
The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2607, shares advanced were 1238 while 1214 shares declined and 155 were unchanged.
21/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Free Commodity Tips : Join our Whatsapp No : 9094047040
The Indian equities continued lackluster trade on Wednesday in lack of any major development on domestic or global front, tracking weak cues from Asian peers, amid rising concerns over renewed slump in crude oil price. Aviation stocks were trading higher, with InterGlobe Aviation and SpiceJet hitting 52-week high on strong growth in passenger traffic in May and lower crude oil prices. In absence of any major trigger, market may take cues from progress of monsoons and the country's preparedness for GST as government proposes to cancel registration of firms who will not pass on benefits of reduced prices to customers. At 12:20 hours, the 30-share barometer Sensex was at 31243.26, down by 54.27 points or by 0.17 per cent, and the NSE Nifty was at 9621.8, down by 31.7 points or by 0.33 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31305.6 and intraday low of 31193.61, while the NSE Nifty touched intraday high of 9650.45 and intraday low of 9609.35. The Indian Rupee also continued losing spree against the greenback for the second day on Wednesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. At the Interbank Foreign Exchange Market, the local currency was trading 12 paise lower at 64.66 per dollar against the previous close of 64.54 at 12:20 hour. During the day’s trade so far, rupee touched an intra-day low of 64.72 after opening at 64.67. The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 165.85,-1.69%), Lupin Ltd. (Rs. 1095.15,-1.55%), Cipla Ltd. (Rs. 538.50,-1.41%), Tata Motors Ltd. (Rs. 461.00,-1.32%), Tata Consultancy Services Ltd. (Rs. 2409.85,-1.30%), among others.
On the flip side, Larsen & Toubro Ltd. (Rs. 1766.90,+0.93%), Reliance Industries Ltd. (Rs. 1420.50,+0.58%), Hindustan Unilever Ltd. (Rs. 1101.05,+0.45%), Maruti Suzuki India Ltd. (Rs. 7245.50,+0.42%), Sun Pharmaceutical Industries Ltd. (Rs. 525.80,+0.38%), were among the top gainers on BSE. On the sectoral front, IT and oil&gas stocks emerged as top losers, falling as much as 0.64 per cent and 0.63 per cent respectively.
The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2607, shares advanced were 1238 while 1214 shares declined and 155 were unchanged.
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