Post Session: Sensex sinks 224 pts on F&O expiry, Nifty ends below 8,600
25/08/2016 16:09
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The BSE SENSEX closed at 27835.91, down by 224.03 points or by 0.8 per cent and the NSE Nifty ended at 8592.2, down by 58.1 points or by 0.67 per cent.
Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy.
In the volatile trade, the BSE Sensex touched intraday high of 28154.21 and intraday low of 27803.24, while the NSE Nifty touched intraday high of 8683.05 and intraday low of 8583.65.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 262.15,-3.02%), Wipro Ltd. (Rs. 505.10,-2.84%), Tata Steel Ltd. (Rs. 372.40,-2.04%), Infosys Ltd. (Rs. 1036.55,-1.99%), Housing Development Finance Corporation Ltd. (Rs. 1357.60,-1.93%), among others.
Meanwhile, GAIL (India) Ltd. (Rs. 373.20,+2.04%), ITC Ltd. (Rs. 253.30,+1.24%), Axis Bank Ltd. (Rs. 586.40,+0.47%), Dr. Reddy's Laboratories Ltd. (Rs. 3049.55,+0.34%), Power Grid Corporation of India Ltd. (Rs. 183.00,+0.30%), were among top gainers on BSE.
On the sectoral front, metal and teck stocks emerged as top losers on BSE, falling as much as 1.43 per cent and 1.36 per cent respectively.
The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3016, shares advanced were 1297 while 1522 shares declined and 197 were unchanged.
On the global front, the Asian shares ended mostly lower, except Hang Seng, as commodity shares slumped as oil prices fell after a surprise surge in US inventories last week while Turkey’s military operation in Syria signaled heightened geopolitical risks, curbing risk taking appetite. Caution ahead of Yellen’s speech tomorrow weighed as investors await whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. China’s Shanghai Composite ended tad lower amid fears that the government may act to curb speculative activity in the country’s financial markets. Hang Seng settled with modest gain while Japan’s Nikkei 225 closed lower amid a slump in oil related stocks.
25/08/2016 16:09
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The Indian equities ended tad lower in a choppy trade on Thursday as traders roll over their positions on the day of the expiry of the August derivative contracts. The volatility persisted in the market as investors 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.The BSE SENSEX closed at 27835.91, down by 224.03 points or by 0.8 per cent and the NSE Nifty ended at 8592.2, down by 58.1 points or by 0.67 per cent.
Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy.
In the volatile trade, the BSE Sensex touched intraday high of 28154.21 and intraday low of 27803.24, while the NSE Nifty touched intraday high of 8683.05 and intraday low of 8583.65.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 262.15,-3.02%), Wipro Ltd. (Rs. 505.10,-2.84%), Tata Steel Ltd. (Rs. 372.40,-2.04%), Infosys Ltd. (Rs. 1036.55,-1.99%), Housing Development Finance Corporation Ltd. (Rs. 1357.60,-1.93%), among others.
Meanwhile, GAIL (India) Ltd. (Rs. 373.20,+2.04%), ITC Ltd. (Rs. 253.30,+1.24%), Axis Bank Ltd. (Rs. 586.40,+0.47%), Dr. Reddy's Laboratories Ltd. (Rs. 3049.55,+0.34%), Power Grid Corporation of India Ltd. (Rs. 183.00,+0.30%), were among top gainers on BSE.
On the sectoral front, metal and teck stocks emerged as top losers on BSE, falling as much as 1.43 per cent and 1.36 per cent respectively.
The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3016, shares advanced were 1297 while 1522 shares declined and 197 were unchanged.
On the global front, the Asian shares ended mostly lower, except Hang Seng, as commodity shares slumped as oil prices fell after a surprise surge in US inventories last week while Turkey’s military operation in Syria signaled heightened geopolitical risks, curbing risk taking appetite. Caution ahead of Yellen’s speech tomorrow weighed as investors await whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. China’s Shanghai Composite ended tad lower amid fears that the government may act to curb speculative activity in the country’s financial markets. Hang Seng settled with modest gain while Japan’s Nikkei 225 closed lower amid a slump in oil related stocks.
