Mid-Session: Sensex slips over 200 pts, Nifty holds 9,000; CDS, metal stocks down over 1%
22/03/2017 12:29
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities continued to witness broad-based selling in late morning deal on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade amid fading hopes that the Trump government will deliver its tax cuts promises. Subex, a leading global provider of business and operations support systems, spiked nearly 8 per cent ahead of the board meeting to consider fund raising plans by issue of equity shares or such other securities. Divi's Laboratories continued losing streak of the second day and tanked over 3 per cent, hitting 52-week low, on US-FDA Import Alert 66-40 on the products manufactured at the company's Unit-II at Visakhapatnam, Andhra Pradesh. At 12:24 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29267.46, down by 217.99 points or by 0.74 per cent, and the NSE Nifty was at 9050.8, down by 70.7 points or by 0.78 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29341.41 and intraday low of 29219.59, while the NSE Nifty touched intraday high of 9072.9 and intraday low of 9036.05.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 340.15,-2.70%), Mahindra & Mahindra Ltd. (Rs. 1273.25,-1.63%), Tata Motors Ltd. (Rs. 465.75,-1.61%), Maruti Suzuki India Ltd. (Rs. 5985.00,-1.52%), Housing Development Finance Corporation Ltd. (Rs. 1436.55,-1.47%), among others.
On the flip side, Axis Bank Ltd. (Rs. 494.30,+1.29%), Dr. Reddy's Laboratories Ltd. (Rs. 2643.00,+0.77%), Cipla Ltd. (Rs. 595.45,+0.68%), Wipro Ltd. (Rs. 499.00,+0.28%), Sun Pharmaceutical Industries Ltd. (Rs. 700.10,+0.11%), were among the top gainers on BSE.
On the sectoral front, all the indices were trading in red, barring IT stocks, with consumer durables and metal stocks were leading the decline, falling as much as 1.62 per cent and 1.37 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2799, shares advanced were 923 while 1696 shares declined and 180 were unchanged.
22/03/2017 12:29
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities continued to witness broad-based selling in late morning deal on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade amid fading hopes that the Trump government will deliver its tax cuts promises. Subex, a leading global provider of business and operations support systems, spiked nearly 8 per cent ahead of the board meeting to consider fund raising plans by issue of equity shares or such other securities. Divi's Laboratories continued losing streak of the second day and tanked over 3 per cent, hitting 52-week low, on US-FDA Import Alert 66-40 on the products manufactured at the company's Unit-II at Visakhapatnam, Andhra Pradesh. At 12:24 hour, the Bombay Stock Exchange bellwether Sensex was trading at 29267.46, down by 217.99 points or by 0.74 per cent, and the NSE Nifty was at 9050.8, down by 70.7 points or by 0.78 per cent.
During the day’s trade so far, the BSE Sensex touched an intraday high of 29341.41 and intraday low of 29219.59, while the NSE Nifty touched intraday high of 9072.9 and intraday low of 9036.05.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 340.15,-2.70%), Mahindra & Mahindra Ltd. (Rs. 1273.25,-1.63%), Tata Motors Ltd. (Rs. 465.75,-1.61%), Maruti Suzuki India Ltd. (Rs. 5985.00,-1.52%), Housing Development Finance Corporation Ltd. (Rs. 1436.55,-1.47%), among others.
On the flip side, Axis Bank Ltd. (Rs. 494.30,+1.29%), Dr. Reddy's Laboratories Ltd. (Rs. 2643.00,+0.77%), Cipla Ltd. (Rs. 595.45,+0.68%), Wipro Ltd. (Rs. 499.00,+0.28%), Sun Pharmaceutical Industries Ltd. (Rs. 700.10,+0.11%), were among the top gainers on BSE.
On the sectoral front, all the indices were trading in red, barring IT stocks, with consumer durables and metal stocks were leading the decline, falling as much as 1.62 per cent and 1.37 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2799, shares advanced were 923 while 1696 shares declined and 180 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
