Mid-Session: Sensex, Nifty slip in red; Idea Cellular surges over 7%
25/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices slipped in the negative terrain in the late morning deal on Tuesday, weighed down by losses in capital goods and pharma stocks, tracking weak cues from Asia peers. Idea Cellular rallied over 7 per cent after the Competition Commission of India (CCI) approved the proposed merger between Vodafone India. Among others, Bharti Infratel soared nearly 4 per cent after the company’s consolidated revenue rose by 10 per cent to Rs 3,524 crore in Q1 FY18 from Rs 3,211 crore in Q1 FY17.
At 12:20 hours, the 30-share benchmark index was trading at 32216.11, down by 29.76 points or by 0.09 per cent, and the NSE Nifty was at 9955.25, down by 11.15 points or by 0.11 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32374.3 and intraday low of 32198.61, while the NSE Nifty touched intraday high of 10011.3 and intraday low of 9950.45.
The Asian stocks were trading mostly lower, barring Japan’s Nikkei 225, as traders awaited the outcome of the Federal Open Market Committee (FOMC) meeting which will begin later today, and release of US second-quarter GDP due this week, while uncertainty over the Trump administration's policies also dented investor sentiment.
The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 269.65,-1.57%), Tata Motors Ltd. (Rs. 456.55,-1.52%), Lupin Ltd. (Rs. 1126.65,-1.40%), Hindustan Unilever Ltd. (Rs. 1148.20,-0.83%), Coal India Ltd. (Rs. 259.20,-0.82%), among others.
On the flip side, Hero MotoCorp Ltd. (Rs. 3732.00,+1.11%), Axis Bank Ltd. (Rs. 539.55,+0.98%), Tata Consultancy Services Ltd. (Rs. 2556.05,+0.92%), HDFC Bank Ltd. (Rs. 1746.70,+0.70%), Tata Steel Ltd. (Rs. 550.85,+0.62%), were among top gainers on BSE.
On the sectoral front, capital goods and healthcare stocks emerged as top losers on BSE, falling as much as 0.69 per cent and 0.38 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2706, shares advanced were 1101 while 1456 shares declined and 149 were unchanged.
25/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
The Indian benchmark indices slipped in the negative terrain in the late morning deal on Tuesday, weighed down by losses in capital goods and pharma stocks, tracking weak cues from Asia peers. Idea Cellular rallied over 7 per cent after the Competition Commission of India (CCI) approved the proposed merger between Vodafone India. Among others, Bharti Infratel soared nearly 4 per cent after the company’s consolidated revenue rose by 10 per cent to Rs 3,524 crore in Q1 FY18 from Rs 3,211 crore in Q1 FY17.
At 12:20 hours, the 30-share benchmark index was trading at 32216.11, down by 29.76 points or by 0.09 per cent, and the NSE Nifty was at 9955.25, down by 11.15 points or by 0.11 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32374.3 and intraday low of 32198.61, while the NSE Nifty touched intraday high of 10011.3 and intraday low of 9950.45.
The Asian stocks were trading mostly lower, barring Japan’s Nikkei 225, as traders awaited the outcome of the Federal Open Market Committee (FOMC) meeting which will begin later today, and release of US second-quarter GDP due this week, while uncertainty over the Trump administration's policies also dented investor sentiment.
The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 269.65,-1.57%), Tata Motors Ltd. (Rs. 456.55,-1.52%), Lupin Ltd. (Rs. 1126.65,-1.40%), Hindustan Unilever Ltd. (Rs. 1148.20,-0.83%), Coal India Ltd. (Rs. 259.20,-0.82%), among others.
On the flip side, Hero MotoCorp Ltd. (Rs. 3732.00,+1.11%), Axis Bank Ltd. (Rs. 539.55,+0.98%), Tata Consultancy Services Ltd. (Rs. 2556.05,+0.92%), HDFC Bank Ltd. (Rs. 1746.70,+0.70%), Tata Steel Ltd. (Rs. 550.85,+0.62%), were among top gainers on BSE.
On the sectoral front, capital goods and healthcare stocks emerged as top losers on BSE, falling as much as 0.69 per cent and 0.38 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2706, shares advanced were 1101 while 1456 shares declined and 149 were unchanged.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
