Mid-Session: Bears get tighter grip on Sensex, Nifty; Infosys nosedives 9%
18/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities continued to bleed in red in late morning deals on Friday, tracking bearish cues from Asian markets, as terrorist attack in Spain and concerns over the Trump administration’s ability to push through its economic agenda rattled investors sentiment. Infosys tumbled 9 per cent after the company’s chief executive (CEO) and managing director (MD) Vishal Sikka resigned, citing a continuous stream of distractions and personal attacks. Among others, Raymond jumped as much as 7 per cent after the company acquired Ansell’s stake in joint venture entity JK Ansell.
At 12:20 hours, the 30-share benchmark index was trading at 31492.6, down by 302.86 points or by 0.95 per cent, and then NSE Nifty was at 9828, down by 76.15 points or by 0.77 per cent.
In the day’s trade so far, the Sensex touched intraday high of 31729.88 and intraday low of 31489.39, while the NSE Nifty touched intraday high of 9865.95 and intraday low of 9816.30.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 930.00,-8.93%), Sun Pharmaceutical Industries Ltd. (Rs. 470.40,-3.72%), Cipla Ltd. (Rs. 562.05,-1.97%), Lupin Ltd. (Rs. 937.50,-1.74%), NTPC Ltd. (Rs. 174.20,-1.50%), among others.
On the flip side, Tata Consultancy Services Ltd. (Rs. 2520.75,+1.64%), ITC Ltd. (Rs. 283.10,+1.31%), Power Grid Corporation of India Ltd. (Rs. 222.25,+1.28%), Hindustan Unilever Ltd. (Rs. 1186.50,+1.01%), Bharti Airtel Ltd. (Rs. 420.00,+0.83%), were among top gainers on BSE.
On the sectoral front, IT and teck emerged as top losers on BSE, falling as much as 3.13 per cent and 2.43 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2478, shares advanced were 794, while 1572 shares declined, and 112 were unchanged.
18/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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Indian equities continued to bleed in red in late morning deals on Friday, tracking bearish cues from Asian markets, as terrorist attack in Spain and concerns over the Trump administration’s ability to push through its economic agenda rattled investors sentiment. Infosys tumbled 9 per cent after the company’s chief executive (CEO) and managing director (MD) Vishal Sikka resigned, citing a continuous stream of distractions and personal attacks. Among others, Raymond jumped as much as 7 per cent after the company acquired Ansell’s stake in joint venture entity JK Ansell.
At 12:20 hours, the 30-share benchmark index was trading at 31492.6, down by 302.86 points or by 0.95 per cent, and then NSE Nifty was at 9828, down by 76.15 points or by 0.77 per cent.
In the day’s trade so far, the Sensex touched intraday high of 31729.88 and intraday low of 31489.39, while the NSE Nifty touched intraday high of 9865.95 and intraday low of 9816.30.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 930.00,-8.93%), Sun Pharmaceutical Industries Ltd. (Rs. 470.40,-3.72%), Cipla Ltd. (Rs. 562.05,-1.97%), Lupin Ltd. (Rs. 937.50,-1.74%), NTPC Ltd. (Rs. 174.20,-1.50%), among others.
On the flip side, Tata Consultancy Services Ltd. (Rs. 2520.75,+1.64%), ITC Ltd. (Rs. 283.10,+1.31%), Power Grid Corporation of India Ltd. (Rs. 222.25,+1.28%), Hindustan Unilever Ltd. (Rs. 1186.50,+1.01%), Bharti Airtel Ltd. (Rs. 420.00,+0.83%), were among top gainers on BSE.
On the sectoral front, IT and teck emerged as top losers on BSE, falling as much as 3.13 per cent and 2.43 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2478, shares advanced were 794, while 1572 shares declined, and 112 were unchanged.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
