Mid-Session: Sensex, Nifty trade in red; FMCG, IT stocks drag
09/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities continued to trade in negative territory in late morning deals on Friday, tracking weak cues from Asian peers, as investors weighed media reports that the UK is heading towards a hung Parliament as Theresa May's Conservative Party may win 314 seats out of the 326 seats required for a majority. Adding to it, investors also remained sidelined ahead of the key macro-economic data due next week, which will set future direction for the markets. At 12:10 hours, the 30-share barometer Sensex was at 31156.23, down by 57.13 points or by 0.18 per cent, and the NSE Nifty was at 9626, down by 21.25 points or by 0.22 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31200.59 and intraday low of 31087.28, while the NSE Nifty touched intraday high of 9644.1 and intraday low of 9608.15. The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 305.65,-1.91%), Infosys Ltd. (Rs. 940.20,-1.68%), Wipro Ltd. (Rs. 536.50,-1.66%), GAIL (India) Ltd. (Rs. 383.10,-1.44%), Oil And Natural Gas Corporation Ltd. (Rs. 168.50,-1.12%), among others.
Infosys tanked 2 per cent after media report suggested that its founders, led by N R Narayana Murthy, are planning to sell their stake in the company. On the flip side, Maruti Suzuki India Ltd. (Rs. 7387.50,+2.13%), Mahindra & Mahindra Ltd. (Rs. 1432.00,+1.00%), Reliance Industries Ltd. (Rs. 1339.75,+0.74%), Power Grid Corporation of India Ltd. (Rs. 208.00,+0.58%), HDFC Bank Ltd. (Rs. 1653.55,+0.49%), were among the top gainers on BSE. On the sectoral front, FMCG and IT stocks emerged as top losers, falling as much as 0.92 per cent and 0.88 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 1240 while 1220 shares declined and 147 were unchanged.
09/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities continued to trade in negative territory in late morning deals on Friday, tracking weak cues from Asian peers, as investors weighed media reports that the UK is heading towards a hung Parliament as Theresa May's Conservative Party may win 314 seats out of the 326 seats required for a majority. Adding to it, investors also remained sidelined ahead of the key macro-economic data due next week, which will set future direction for the markets. At 12:10 hours, the 30-share barometer Sensex was at 31156.23, down by 57.13 points or by 0.18 per cent, and the NSE Nifty was at 9626, down by 21.25 points or by 0.22 per cent. In the day’s trade so far, the BSE Sensex touched intra-day high of 31200.59 and intraday low of 31087.28, while the NSE Nifty touched intraday high of 9644.1 and intraday low of 9608.15. The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 305.65,-1.91%), Infosys Ltd. (Rs. 940.20,-1.68%), Wipro Ltd. (Rs. 536.50,-1.66%), GAIL (India) Ltd. (Rs. 383.10,-1.44%), Oil And Natural Gas Corporation Ltd. (Rs. 168.50,-1.12%), among others.
Infosys tanked 2 per cent after media report suggested that its founders, led by N R Narayana Murthy, are planning to sell their stake in the company. On the flip side, Maruti Suzuki India Ltd. (Rs. 7387.50,+2.13%), Mahindra & Mahindra Ltd. (Rs. 1432.00,+1.00%), Reliance Industries Ltd. (Rs. 1339.75,+0.74%), Power Grid Corporation of India Ltd. (Rs. 208.00,+0.58%), HDFC Bank Ltd. (Rs. 1653.55,+0.49%), were among the top gainers on BSE. On the sectoral front, FMCG and IT stocks emerged as top losers, falling as much as 0.92 per cent and 0.88 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 1240 while 1220 shares declined and 147 were unchanged.
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