Post Session: Sensex ends 46 pts lower in choppy trade; SBI jumps over 4%
19/08/2016 16:07
NIFTY Fut : Trend : SELL ZONE
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The Indian stocks ended lackluster session tad lower on Friday, led by selling in realty, telecom, auto and IT stocks, as caution prevailed in market ahead of the announcement of the next RBI governor. Renewed fears over a near-term US Federal Reserve interest rate hike also curbed risk taking appetite. Tightening of US monetary policy may result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
The BSE SENSEX closed at 28077, down by 46.44 points or by 0.17 per cent and the NSE Nifty ended at 8666.9, down by 6.35 points or by 0.07 per cent.
On the corporate front, shares of State Bank of India, country’s largest commercial lender, jumped over 4 per cent on the Bombay Stock Exchange after the SBI board approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff, reported PTI.
Shares of Taj GVK Hotels & Resorts, a joint venture between the Indian Hotels Company Limited (IHCL) and the Hyderabad based GVK Group, surged 20 per cent on the Bombay Stock Exchange after media reported that Indian Hotel to merge the company with itself. According to CNBC TV 18 report, Indian Hotels and GVK Reddy family negotiating swap ratio for merger.
In the lackluster trade, the BSE Sensex touched intraday high of 28212.3 and intraday low of 28026.12, while the NSE Nifty touched intraday high of 8696.6 and intraday low of 8647.1.
Bucking the trend, the broader markets ended higher, with the BSE MIDCAP settling at 13035.17, up by 67.46 points or by 0.52 per cent, while the BSE SMLCAP closed at 12459.46, up by 55.77 points or by 0.45 per cent.
The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 334.20,-1.36%), Tata Consultancy Services Ltd. (Rs. 2603.95,-1.24%), Lupin Ltd. (Rs. 1573.00,-1.06%), Wipro Ltd. (Rs. 520.60,-0.80%), Sun Pharmaceutical Industries Ltd. (Rs. 782.70,-0.77%), among others.
Meanwhile, State Bank of India (Rs. 258.50,+4.15%), Tata Steel Ltd. (Rs. 392.30,+1.32%), Cipla Ltd. (Rs. 555.55,+0.72%), Hindustan Unilever Ltd. (Rs. 912.00,+0.61%), Larsen & Toubro Ltd. (Rs. 1490.40,+0.52%), were among top gainers on BSE.
On the sectoral front, realty and Teck stocks emerged as top losers on BSE, falling as much as 0.7 per cent and 0.51 per cent respectively.
The market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3076, shares advanced were 1576 while 1295 shares declined and 205 were unchanged.
On the global front, the Asian shares ended mixed even as crude oil entered a bull market, holding above USD 48 per barrel, driving a rally in raw material producers. Sentiment was hit by fresh worries over a near-term US rate hike as Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy is strong enough to warrant a rise in interest rates soon, warning against waiting too long which could spur high inflation or asset bubbles that may curb growth. Shanghai Composite and Japan’s Nikkei 225 settled with sim gain, while Hang Seng ended trading lower.
19/08/2016 16:07
NIFTY Fut : Trend : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The Indian stocks ended lackluster session tad lower on Friday, led by selling in realty, telecom, auto and IT stocks, as caution prevailed in market ahead of the announcement of the next RBI governor. Renewed fears over a near-term US Federal Reserve interest rate hike also curbed risk taking appetite. Tightening of US monetary policy may result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
The BSE SENSEX closed at 28077, down by 46.44 points or by 0.17 per cent and the NSE Nifty ended at 8666.9, down by 6.35 points or by 0.07 per cent.
On the corporate front, shares of State Bank of India, country’s largest commercial lender, jumped over 4 per cent on the Bombay Stock Exchange after the SBI board approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff, reported PTI.
Shares of Taj GVK Hotels & Resorts, a joint venture between the Indian Hotels Company Limited (IHCL) and the Hyderabad based GVK Group, surged 20 per cent on the Bombay Stock Exchange after media reported that Indian Hotel to merge the company with itself. According to CNBC TV 18 report, Indian Hotels and GVK Reddy family negotiating swap ratio for merger.
In the lackluster trade, the BSE Sensex touched intraday high of 28212.3 and intraday low of 28026.12, while the NSE Nifty touched intraday high of 8696.6 and intraday low of 8647.1.
Bucking the trend, the broader markets ended higher, with the BSE MIDCAP settling at 13035.17, up by 67.46 points or by 0.52 per cent, while the BSE SMLCAP closed at 12459.46, up by 55.77 points or by 0.45 per cent.
The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 334.20,-1.36%), Tata Consultancy Services Ltd. (Rs. 2603.95,-1.24%), Lupin Ltd. (Rs. 1573.00,-1.06%), Wipro Ltd. (Rs. 520.60,-0.80%), Sun Pharmaceutical Industries Ltd. (Rs. 782.70,-0.77%), among others.
Meanwhile, State Bank of India (Rs. 258.50,+4.15%), Tata Steel Ltd. (Rs. 392.30,+1.32%), Cipla Ltd. (Rs. 555.55,+0.72%), Hindustan Unilever Ltd. (Rs. 912.00,+0.61%), Larsen & Toubro Ltd. (Rs. 1490.40,+0.52%), were among top gainers on BSE.
On the sectoral front, realty and Teck stocks emerged as top losers on BSE, falling as much as 0.7 per cent and 0.51 per cent respectively.
The market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3076, shares advanced were 1576 while 1295 shares declined and 205 were unchanged.
On the global front, the Asian shares ended mixed even as crude oil entered a bull market, holding above USD 48 per barrel, driving a rally in raw material producers. Sentiment was hit by fresh worries over a near-term US rate hike as Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy is strong enough to warrant a rise in interest rates soon, warning against waiting too long which could spur high inflation or asset bubbles that may curb growth. Shanghai Composite and Japan’s Nikkei 225 settled with sim gain, while Hang Seng ended trading lower.
