Post Session: Sensex ends below 28K after Patel appointed as RBI chief
22/08/2016 16:05
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The BSE SENSEX closed at 27985.54, down by 91.46 points or by 0.33 per cent, and the NSE Nifty ended at 8629.15, down by 37.75 points or by 0.44 per cent.
On the corporate front, shares of Welspun India, India's leading terry towel producers, nosedived 20 per cent in intra-day trade 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.
The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1545.20,-2.03%), Tata Consultancy Services Ltd. (Rs. 2551.45,-2.02%), NTPC Ltd. (Rs. 163.55,-1.92%), Sun Pharmaceutical Industries Ltd. (Rs. 769.95,-1.63%), Axis Bank Ltd. (Rs. 580.15,-1.40%), among others.
Meanwhile, Hindustan Unilever Ltd. (Rs. 929.65,+1.94%), ITC Ltd. (Rs. 254.05,+1.19%), Housing Development Finance Corporation Ltd. (Rs. 1377.75,+0.59%), Coal India Ltd. (Rs. 335.40,+0.36%), Cipla Ltd. (Rs. 557.45,+0.34%), were among top gainers on BSE.
On the sectoral front, IT and Teck stocks emerged as top losers on BSE, falling as much as 1.07 per cent and 0.9 per cent respectively.
On the global front, the Asian shares ended mixed as sentiment was hit by fresh worries over a near-term US rate hike. Hang Seng and Japan’s Nikkei 225 settled with sim gain, while Shanghai Composite ended trading lower.
22/08/2016 16:05
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NIFTY FUT TREND : BUY ZONE
The Indian stocks ended tad lower on Monday, with the S&P BSE Sensex slipped below psychological level of 28,000 and Nifty below 8,650, led by losses in index heavyweights such as TCS, ICICI Bank, Sun Pharma, NTPC, Axis bank, Lupin, M&M and Maruti. The investors gave thumbs-down to appointment of Urjit Patel as the new governor of India's central bank, who is known for his hawkish view on inflation, dimming hopes of interest rate cut in near future, curbing risk taking appetite.The BSE SENSEX closed at 27985.54, down by 91.46 points or by 0.33 per cent, and the NSE Nifty ended at 8629.15, down by 37.75 points or by 0.44 per cent.
On the corporate front, shares of Welspun India, India's leading terry towel producers, nosedived 20 per cent in intra-day trade 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.
The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1545.20,-2.03%), Tata Consultancy Services Ltd. (Rs. 2551.45,-2.02%), NTPC Ltd. (Rs. 163.55,-1.92%), Sun Pharmaceutical Industries Ltd. (Rs. 769.95,-1.63%), Axis Bank Ltd. (Rs. 580.15,-1.40%), among others.
Meanwhile, Hindustan Unilever Ltd. (Rs. 929.65,+1.94%), ITC Ltd. (Rs. 254.05,+1.19%), Housing Development Finance Corporation Ltd. (Rs. 1377.75,+0.59%), Coal India Ltd. (Rs. 335.40,+0.36%), Cipla Ltd. (Rs. 557.45,+0.34%), were among top gainers on BSE.
On the sectoral front, IT and Teck stocks emerged as top losers on BSE, falling as much as 1.07 per cent and 0.9 per cent respectively.
On the global front, the Asian shares ended mixed as sentiment was hit by fresh worries over a near-term US rate hike. Hang Seng and Japan’s Nikkei 225 settled with sim gain, while Shanghai Composite ended trading lower.
