Mid-Session: Sensex, Nifty stay under stress; Dr. Reddy's down 5%
28/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian equities continued to trade in negative terrain on Friday as investors resorted to profit booking, tracking weak cues from Asian peers. The Asian stocks were trading mostly lower after Wall Street ended lower in overnight trade, as investors awaited corporate earnings, while uncertainty over the Trump administration's policies also dented investor sentiment. On the sectoral front, pharm and metal were among top losers, falling as much as 1.43 per cent and 0.66 per cent respectively. Pharma major Biocon plunged nearly 7 per cent in early trade after the biopharmaceutical company reported a 51 per cent year-on-year decline in its net profit at Rs 81 crore for the quarter ended June 30, 2017.
At 12:20 hours, the 30-share benchmark index was trading at 32229.18, down by 154.12 points or by 0.48 per cent, and the NSE Nifty was at 9983.3, down by 37.25 points or by 0.37 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32381.36 and intraday low of 32164.16, while the NSE Nifty touched intraday high of 9999.35 and intraday low of 9963.05.
The Indian Rupee was trading lower against the US dollar on Friday amid fund outflows by foreign funds and importers due to strong demand for the American currency. As on July 27, the FIIs stood net seller in equity market and sold shares worth Rs 192.56 crore.
Nava Bharat Ventures rallied over 10 per cent amid spurt in volume trade. According to data available with exchange, as much as 1.76 lakh shares have changed hand compared to two week average of 1.43 lakh on BSE.
Reliance Capital surged nearly 8 per cent, hitting 52-week high, after Anil Ambani-led company reported 15 per cent growt in consolidated net profit at Rs 238 crore during the first quarter ended June 30, 2017, from Rs 207 crore in year ago quarter.
The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2478.60,-5.45%), Lupin Ltd. (Rs. 1069.00,-3.79%), Sun Pharmaceutical Industries Ltd. (Rs. 555.45,-3.08%), ICICI Bank Ltd. (Rs. 299.05,-2.61%), Hindustan Unilever Ltd. (Rs. 1149.85,-1.94%), among others.
On the flip side, Housing Development Finance Corporation Ltd. (Rs. 1762.45,+1.96%), Infosys Ltd. (Rs. 987.25,+1.54%), Maruti Suzuki India Ltd. (Rs. 7649.40,+0.75%), Oil And Natural Gas Corporation Ltd. (Rs. 164.65,+0.73%), State Bank of India (Rs. 300.20,+0.64%), were among top gainers on BSE.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2615, shares advanced were 1262, while 1181 shares declined and 172 were unchanged.
28/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian equities continued to trade in negative terrain on Friday as investors resorted to profit booking, tracking weak cues from Asian peers. The Asian stocks were trading mostly lower after Wall Street ended lower in overnight trade, as investors awaited corporate earnings, while uncertainty over the Trump administration's policies also dented investor sentiment. On the sectoral front, pharm and metal were among top losers, falling as much as 1.43 per cent and 0.66 per cent respectively. Pharma major Biocon plunged nearly 7 per cent in early trade after the biopharmaceutical company reported a 51 per cent year-on-year decline in its net profit at Rs 81 crore for the quarter ended June 30, 2017.
At 12:20 hours, the 30-share benchmark index was trading at 32229.18, down by 154.12 points or by 0.48 per cent, and the NSE Nifty was at 9983.3, down by 37.25 points or by 0.37 per cent.
In the day’s trade so-far, Sensex touched intraday high of 32381.36 and intraday low of 32164.16, while the NSE Nifty touched intraday high of 9999.35 and intraday low of 9963.05.
The Indian Rupee was trading lower against the US dollar on Friday amid fund outflows by foreign funds and importers due to strong demand for the American currency. As on July 27, the FIIs stood net seller in equity market and sold shares worth Rs 192.56 crore.
Nava Bharat Ventures rallied over 10 per cent amid spurt in volume trade. According to data available with exchange, as much as 1.76 lakh shares have changed hand compared to two week average of 1.43 lakh on BSE.
Reliance Capital surged nearly 8 per cent, hitting 52-week high, after Anil Ambani-led company reported 15 per cent growt in consolidated net profit at Rs 238 crore during the first quarter ended June 30, 2017, from Rs 207 crore in year ago quarter.
The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2478.60,-5.45%), Lupin Ltd. (Rs. 1069.00,-3.79%), Sun Pharmaceutical Industries Ltd. (Rs. 555.45,-3.08%), ICICI Bank Ltd. (Rs. 299.05,-2.61%), Hindustan Unilever Ltd. (Rs. 1149.85,-1.94%), among others.
On the flip side, Housing Development Finance Corporation Ltd. (Rs. 1762.45,+1.96%), Infosys Ltd. (Rs. 987.25,+1.54%), Maruti Suzuki India Ltd. (Rs. 7649.40,+0.75%), Oil And Natural Gas Corporation Ltd. (Rs. 164.65,+0.73%), State Bank of India (Rs. 300.20,+0.64%), were among top gainers on BSE.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2615, shares advanced were 1262, while 1181 shares declined and 172 were unchanged.
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