Mid-Session: Sensex tumbles 340 pts, Nifty slips below 8,000; realty cracks over 4%:21/11/2016 12:32
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmarks extended their day’s loss in late morning deal on Monday, weighed down by loss in realty and metal stocks, tracking mixed cues from fellow Asian peers. The lingering worries over the impact of demonetization of higher value currency notes and hints of a rate hike in December by US Federal Reserve chair Janet Yellen, curbed appetite for riskier assets.
At 12:15 hours, the 30-share benchmark index was trading at 25807.35, down by 342.89 points or by 1.31 per cent, and the NSE Nifty was at 7966.75, down by 107.35 points or by 1.33 per cent.
Investors are worried that demonetization of Rs 500 and Rs 1000 notes to curb black money may severely hit small and medium sized businesses that mainly run on cash while also take a toll on short-term discretionary spending.
In the day’s trade so-far, Sensex touched an intraday high of 26270.28 and intraday low of 25777.21, while the NSE Nifty touched intraday high of 8102.45 and intraday low of 7943.4.
In line with benchmark indices, the broader markets were also bleeding in red, with the BSE MIDCAP trading at 11797.05, down by 275.38 points or by 2.28 per cent, while the BSE SMLCAP was at 11542.33, down by 326.61 points or by 2.75 per cent.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 247.55,-5.08%), State Bank of India (Rs. 262.95,-4.62%), Tata Steel Ltd. (Rs. 369.10,-4.15%), Tata Motors Ltd. (Rs. 455.10,-3.38%), Mahindra & Mahindra Ltd. (Rs. 1201.90,-3.00%), among others.
On the flip side, Wipro Ltd. (Rs. 443.00,+1.35%), Infosys Ltd. (Rs. 924.30,+0.49%), Tata Consultancy Services Ltd. (Rs. 2131.00,+0.37%), GAIL (India) Ltd. (Rs. 428.05,+0.16%), were among top gainers on the BSE.
On the sectoral front, realty and metal stocks emerged as top losers, falling as much as 4.11 per cent and 2.93 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2599, shares advanced were 404 while 2057 shares declined and 138 were unchanged.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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At 12:15 hours, the 30-share benchmark index was trading at 25807.35, down by 342.89 points or by 1.31 per cent, and the NSE Nifty was at 7966.75, down by 107.35 points or by 1.33 per cent.
Investors are worried that demonetization of Rs 500 and Rs 1000 notes to curb black money may severely hit small and medium sized businesses that mainly run on cash while also take a toll on short-term discretionary spending.
In the day’s trade so-far, Sensex touched an intraday high of 26270.28 and intraday low of 25777.21, while the NSE Nifty touched intraday high of 8102.45 and intraday low of 7943.4.
In line with benchmark indices, the broader markets were also bleeding in red, with the BSE MIDCAP trading at 11797.05, down by 275.38 points or by 2.28 per cent, while the BSE SMLCAP was at 11542.33, down by 326.61 points or by 2.75 per cent.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 247.55,-5.08%), State Bank of India (Rs. 262.95,-4.62%), Tata Steel Ltd. (Rs. 369.10,-4.15%), Tata Motors Ltd. (Rs. 455.10,-3.38%), Mahindra & Mahindra Ltd. (Rs. 1201.90,-3.00%), among others.
On the flip side, Wipro Ltd. (Rs. 443.00,+1.35%), Infosys Ltd. (Rs. 924.30,+0.49%), Tata Consultancy Services Ltd. (Rs. 2131.00,+0.37%), GAIL (India) Ltd. (Rs. 428.05,+0.16%), were among top gainers on the BSE.
On the sectoral front, realty and metal stocks emerged as top losers, falling as much as 4.11 per cent and 2.93 per cent respectively.
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2599, shares advanced were 404 while 2057 shares declined and 138 were unchanged.
