Post Session: Sensex ends 66 pts lower on profit booking; Nifty settles above 8,650:19/10/2016 16:17

Post Session: Sensex ends 66 pts lower on profit booking; Nifty settles above 8,650:19/10/2016 16:17

NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The Indian benchmark indices ended tad lower on Wednesday as stocks paused for breath after the strong gains in previous session while investors resorted to profit booking, undermining firm cues from Asian peers. Banking, realty, auto and FMCG shares witnessed selling pressure, but buying across Mid and Small cap indices restricted day’s loss.

The 30-share BSE SENSEX closed at 27984.37, down by 66.51 points or by 0.24 per cent, and the NSE Nifty ended at 8659.1, down by 18.8 points or by 0.22 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 28131.07 and intraday low of 27926.17, while the NSE Nifty touched intraday high of 8698.75 and intraday low of 8636.7.

The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 239.80,-2.44%), ICICI Bank Ltd. (Rs. 265.00,-2.00%), Hero MotoCorp Ltd. (Rs. 3365.00,-1.33%), Hindustan Unilever Ltd. (Rs. 843.50,-1.29%), State Bank of India (Rs. 254.80,-0.82%), among others.

On the flip side, Wipro Ltd. (Rs. 494.55,+2.74%), Lupin Ltd. (Rs. 1512.05,+2.04%), Adani Ports & Special Economic Zone Ltd. (Rs. 271.35,+1.74%), GAIL (India) Ltd. (Rs. 435.80,+1.48%), Power Grid Corporation of India Ltd. (Rs. 178.05,+0.96%), were among top gainers on BSE.

On the sectoral front, FMCG and realty stocks were among top losers on BSE, falling as much as 1.09 per cent and 0.91 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3165, shares advanced were 1712 while 1230 shares declined and 223 were unchanged.

On the global front, Asian stocks ended mostly higher as China’s economy was stable in the September quarter, while oil prices rallied. Shanghai Composite ended tad higher, Hang Seng declined while Nikkei 225 ended higher amid speculation that the US Fed may adopt a gradual pace of policy tightening.