Mid-Session: Sensex, Nifty stay under selling pressure; Tata Motor down 7% 10/08/2017

Mid-Session: Sensex, Nifty stay under selling pressure; Tata Motor down 7%
10/08/2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE
                                        
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The Indian equities continued to trade in the negative terrain in late morning deal on Thursday as investors pressed sell button amid escalating geo-political tension between the United States and North Korea after the later tested fresh Nuke missiles.

At 12:25 hours, the 30-share benchmark index was trading at 31702.42, down by 95.42 points or by 0.3 per cent, and the NSE Nifty was at 9876.45, down by 31.6 points or by 0.32 per cent.

In the day’s trade so-far, Sensex touched intraday high of 31756.27 and intraday low of 31588.26, while the NSE Nifty touched intraday high of 9892.65 and intraday low of 9835.95.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 385.60,-7.47%), Tata Motors Ltd. (Rs. 225.10,-7.12%), Sun Pharmaceutical Industries Ltd. (Rs. 462.05,-2.68%), Adani Ports & Special Economic Zone Ltd. (Rs. 390.80,-1.55%), Oil And Natural Gas Corporation Ltd. (Rs. 163.20,-1.42%), among others.

On the flip side, Infosys Ltd. (Rs. 984.00,+1.50%), Tata Steel Ltd. (Rs. 613.40,+1.39%), Hero MotoCorp Ltd. (Rs. 3924.50,+1.04%), Axis Bank Ltd. (Rs. 492.65,+0.82%), Housing Development Finance Corporation Ltd. (Rs. 1745.50,+0.81%), were among top gainers on BSE.

On the sectoral front, auto and power stocks emerged as top losers on BSE, falling as much as 1.8 per cent and 1.46 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2539, shares advanced were 650, while 1752 shares declined and 137 were unchanged.

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