Post Session: Sensex sinks 373 pts on global sell-off; rate sensitive stocks drag
26/09/2016 16:14
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The Indian equities ended bleeding in red on Monday, weighed down by losses in rate sensitive stocks such as banking, realty and auto, tracking a sell-off across markets in Asia on lower oil prices and a negative finish at Wall Street on Friday. Further losses in index heavyweights such as ONGC, ICICI Bank, NTPC, ITC, Tata Motors, HDFC Bank and L&T also dented market sentiment.
Extending previous session losses, the 30-share BSE SENSEX closed at 28294.28, down by 373.94 points or by 1.3 per cent, and the NSE Nifty ended at 8722.3, down by 109.25 points, or by 1.24 per cent.
Investors also remained cautious ahead of an OPEC meeting this week with leading crude oil producers unlikely to reach an agreement to freeze output, curbed risk taking appetite.
On the sectoral front, rate sensitive realty and auto stocks were among top losers on BSE, falling as much as 2 per cent and 1.72 per cent respectively.
On the global front, the Asian stocks ended bleeding in red amid sell-off in energy stocks. China’s Shanghai Composite ended 1.76 per cent lower amid speculation that the country’s central bank may not add stimulus. Hang Seng ended 1.56 per cent lower and Japan’s Nikkei 225 settled 1.25 lower as a stronger yen curbed the lure for exporter stocks.
26/09/2016 16:14
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The Indian equities ended bleeding in red on Monday, weighed down by losses in rate sensitive stocks such as banking, realty and auto, tracking a sell-off across markets in Asia on lower oil prices and a negative finish at Wall Street on Friday. Further losses in index heavyweights such as ONGC, ICICI Bank, NTPC, ITC, Tata Motors, HDFC Bank and L&T also dented market sentiment.
Extending previous session losses, the 30-share BSE SENSEX closed at 28294.28, down by 373.94 points or by 1.3 per cent, and the NSE Nifty ended at 8722.3, down by 109.25 points, or by 1.24 per cent.
Investors also remained cautious ahead of an OPEC meeting this week with leading crude oil producers unlikely to reach an agreement to freeze output, curbed risk taking appetite.
On the sectoral front, rate sensitive realty and auto stocks were among top losers on BSE, falling as much as 2 per cent and 1.72 per cent respectively.
On the global front, the Asian stocks ended bleeding in red amid sell-off in energy stocks. China’s Shanghai Composite ended 1.76 per cent lower amid speculation that the country’s central bank may not add stimulus. Hang Seng ended 1.56 per cent lower and Japan’s Nikkei 225 settled 1.25 lower as a stronger yen curbed the lure for exporter stocks.
