Post Session: Sensex tumbles 193 pts on H-1B Visa concerns; IT, Teck stocks crash : 31/01/2017 16:12
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The key domestic benchmark ended bleeding in red on Tuesday as investors reacted to the Economic Survey report tabled by the Finance Minister Arun Jaitley in the Parliament today, while caution prevailed ahead of Union Budget tomorrow. IT and Teck indices saw hefty selling after media reported that US President Donald Trump is expected to sign a new order aimed at strangulating work-visa programmes which is likely to severely impact Indian IT industry. Idea Cellular continued its northward journey after UK-based Vodafone confirmed that it is in talks for an all-stock merger with Mumbai-based telecom operator.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 27655.96, down by 193.6 points or by 0.7 per cent, and the NSE Nifty ended at 8561.3, down by 71.45 points or by 0.83 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 27867.92 and intraday low of 27624.54, while the NSE Nifty touched intraday high of 8631.75 and intraday low of 8552.4.
The Economic Survey pointed out that the adverse impact of demonetisation on GDP growth will be transitional and once the cash supply is replenished, the economy would revert to the normal. The real GDP growth in 2017-18 is projected to be in the range of 6.75 per cent to 7.5 per cent.
The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2229.90,-4.47%), GAIL (India) Ltd. (Rs. 467.20,-3.41%), Adani Ports & Special Economic Zone Ltd. (Rs. 293.40,-3.23%), Sun Pharmaceutical Industries Ltd. (Rs. 631.55,-2.06%), Infosys Ltd. (Rs. 929.30,-2.01%), among others.
On the flip side, ITC Ltd. (Rs. 258.05,+0.84%), Power Grid Corporation of India Ltd. (Rs. 206.55,+0.76%), Bajaj Auto Ltd. (Rs. 2837.75,+0.44%), Oil And Natural Gas Corporation Ltd. (Rs. 202.15,+0.25%), HDFC Bank Ltd. (Rs. 1286.95,+0.16%), were among top gainers on BSE.
On the sectoral front, all the indices ended bleeding in red, barring FMCG stocks, while IT and Teck stocks were among top losers, falling as much as 2.96 per cent and 2.49 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3118, shares advanced were 906 while 1976 shares declined and 236 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 27655.96, down by 193.6 points or by 0.7 per cent, and the NSE Nifty ended at 8561.3, down by 71.45 points or by 0.83 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 27867.92 and intraday low of 27624.54, while the NSE Nifty touched intraday high of 8631.75 and intraday low of 8552.4.
The Economic Survey pointed out that the adverse impact of demonetisation on GDP growth will be transitional and once the cash supply is replenished, the economy would revert to the normal. The real GDP growth in 2017-18 is projected to be in the range of 6.75 per cent to 7.5 per cent.
The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2229.90,-4.47%), GAIL (India) Ltd. (Rs. 467.20,-3.41%), Adani Ports & Special Economic Zone Ltd. (Rs. 293.40,-3.23%), Sun Pharmaceutical Industries Ltd. (Rs. 631.55,-2.06%), Infosys Ltd. (Rs. 929.30,-2.01%), among others.
On the flip side, ITC Ltd. (Rs. 258.05,+0.84%), Power Grid Corporation of India Ltd. (Rs. 206.55,+0.76%), Bajaj Auto Ltd. (Rs. 2837.75,+0.44%), Oil And Natural Gas Corporation Ltd. (Rs. 202.15,+0.25%), HDFC Bank Ltd. (Rs. 1286.95,+0.16%), were among top gainers on BSE.
On the sectoral front, all the indices ended bleeding in red, barring FMCG stocks, while IT and Teck stocks were among top losers, falling as much as 2.96 per cent and 2.49 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3118, shares advanced were 906 while 1976 shares declined and 236 were unchanged.
