Mid-Session: Sensex down 106 pts, Nifty slips below 9,550; SBI down 2.5%
27/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian continued losing streak on Tuesday, tracking weak cues from Asian peers, as investors remained sidelined ahead of ahead of June F&O expiry due this week and GST rollout lined up for July 01. The broader markets witness sharp correction with BSE MIDCAP falling 0.83 per cent to 14463.09, while the BSE SMLCAP slipped to 15224.1, down by 1.03 per cent. On the sector front, banking stocks were under selling pressure after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI.
At 12:20 hours, the 30-share barometer Sensex was at 31031.45, down by 106.76 points or by 0.34 per cent, and the NSE Nifty was at 9534.7, down by 40.25 points or by 0.42 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31294.96 and intraday low of 31016.35, while the NSE Nifty touched intraday high of 9615.4 and intraday low of 9519.45.
State Bank of India fell 2.5 per cent after rating agency ICRA raised concerns over mounting loan-loss provisioning.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 488.70,-3.15%), State Bank of India (Rs. 281.40,-2.58%), Infosys Ltd. (Rs. 926.70,-1.76%), Tata Motors Ltd. (Rs. 271.00,-1.76%), Tata Motors Ltd. (Rs. 435.80,-1.65%), among others.
On the flip side, Bharti Airtel Ltd. (Rs. 372.20,+1.72%), ITC Ltd. (Rs. 314.85,+1.29%), Dr. Reddy's Laboratories Ltd. (Rs. 2662.00,+0.74%), Adani Ports & Special Economic Zone Ltd. (Rs. 367.45,+0.62%), Tata Consultancy Services Ltd. (Rs. 2373.80,+0.56%), were among the top gainers on BSE.
On the sectoral front, all the indices were bleeding in red, while PSU and capital goods stocks emerged as top losers, falling as much as 1.59 per cent and 1.19 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2620, shares advanced were 748 while 1742 shares declined and 130 were unchanged.
27/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian continued losing streak on Tuesday, tracking weak cues from Asian peers, as investors remained sidelined ahead of ahead of June F&O expiry due this week and GST rollout lined up for July 01. The broader markets witness sharp correction with BSE MIDCAP falling 0.83 per cent to 14463.09, while the BSE SMLCAP slipped to 15224.1, down by 1.03 per cent. On the sector front, banking stocks were under selling pressure after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI.
At 12:20 hours, the 30-share barometer Sensex was at 31031.45, down by 106.76 points or by 0.34 per cent, and the NSE Nifty was at 9534.7, down by 40.25 points or by 0.42 per cent.
In the day’s trade so far, the BSE Sensex touched intra-day high of 31294.96 and intraday low of 31016.35, while the NSE Nifty touched intraday high of 9615.4 and intraday low of 9519.45.
State Bank of India fell 2.5 per cent after rating agency ICRA raised concerns over mounting loan-loss provisioning.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 488.70,-3.15%), State Bank of India (Rs. 281.40,-2.58%), Infosys Ltd. (Rs. 926.70,-1.76%), Tata Motors Ltd. (Rs. 271.00,-1.76%), Tata Motors Ltd. (Rs. 435.80,-1.65%), among others.
On the flip side, Bharti Airtel Ltd. (Rs. 372.20,+1.72%), ITC Ltd. (Rs. 314.85,+1.29%), Dr. Reddy's Laboratories Ltd. (Rs. 2662.00,+0.74%), Adani Ports & Special Economic Zone Ltd. (Rs. 367.45,+0.62%), Tata Consultancy Services Ltd. (Rs. 2373.80,+0.56%), were among the top gainers on BSE.
On the sectoral front, all the indices were bleeding in red, while PSU and capital goods stocks emerged as top losers, falling as much as 1.59 per cent and 1.19 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2620, shares advanced were 748 while 1742 shares declined and 130 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
