Mid- Session: Sensex, Nifty trade flat; Welspun India down 10%
24/08/2016 12:22
NIFTY Fut TREND : BUY ZONE
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At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 27947.74, down by 37.8 points or by 0.14 per cent, and the NSE Nifty was at 8622.95, down by 6.2 points or by 0.07 per cent.
On the corporate front, Welspun India continued their losing streak for the third straight session on Wednesday and locked in lower circuit on the Bombay Stock Exchange after Bloomberg reported that the company is ending all business with the textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.
Among others, Engineers India jumped 6 per cent on the Bombay Stock Exchange after the state-run company reported 50 per cent growth in net profit at Rs 80 crore for the quarter ended June 30, 2016 corresponding to Rs 53.51 crore in the year ago period.
On the sectoral front, oil and gas and healthcare stocks were among top gainers on BSE, adding as much as 1.21 per cent and 1.17 per cent respectively.
24/08/2016 12:22
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The Indian equities continued to trade higher with modest gain in late morning deal on Wednesday, led by gains in the index heavyweights such as Maruti Suzuki, Cipla, NTPC, Sun Pharmaceutical Industries, Infosys, IOC and HPCL. However, the caution prevailed in market as investors across the globe awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike, curbing risk taking appetite.At 12:10 PM, the Bombay Stock Exchange bellwether Sensex was at 27947.74, down by 37.8 points or by 0.14 per cent, and the NSE Nifty was at 8622.95, down by 6.2 points or by 0.07 per cent.
On the corporate front, Welspun India continued their losing streak for the third straight session on Wednesday and locked in lower circuit on the Bombay Stock Exchange after Bloomberg reported that the company is ending all business with the textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.
Among others, Engineers India jumped 6 per cent on the Bombay Stock Exchange after the state-run company reported 50 per cent growth in net profit at Rs 80 crore for the quarter ended June 30, 2016 corresponding to Rs 53.51 crore in the year ago period.
On the sectoral front, oil and gas and healthcare stocks were among top gainers on BSE, adding as much as 1.21 per cent and 1.17 per cent respectively.
