Post session: Sensex snaps 4-day gaining streak, Nifty ends below 8,800
20/09/2016 16:10
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Snapping four day gaining streak, the Indian equities ended lower on Tuesday as investors resorted to profit booking ahead of key central bank meetings this week which may offer cues over the outlook for the global economy, curbing risk taking appetite.
The 30-share BSE SENSEX closed at 28523.2, down by 111.3 points or by 0.39 per cent and the NSE Nifty ended at 8775.9, down by 32.5 points or by 0.37 per cent.
The focus is on the US Federal Reserve and the Bank of Japan with both central banks slated to begin their two-day policy meetings on Tuesday. The chances of a US Fed rate hike this week remain slim in the wake of recent soft US economic data while analysts are divided over the possibility of further Bank of Japan action. A decision by the Fed to refrain from tightening may boost foreign capital flows to emerging markets including Asia’s third biggest economy.
In the bearish trade, the BSE Sensex touched intraday high of 28698.81 and intraday low of 28480.53, while the NSE Nifty touched intraday high of 8816.45 and intraday low of 8759.3.
The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3468.10,-2.43%), Adani Ports & Special Economic Zone Ltd. (Rs. 270.15,-2.16%), Bajaj Auto Ltd. (Rs. 2888.10,-1.96%), Bharti Airtel Ltd. (Rs. 318.90,-1.59%), NTPC Ltd. (Rs. 153.45,-1.22%), among others.
On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 257.75,+1.48%), Tata Steel Ltd. (Rs. 365.45,+1.08%), Cipla Ltd. (Rs. 601.90,+0.70%), Maruti Suzuki India Ltd. (Rs. 5512.85,+0.53%), Power Grid Corporation of India Ltd. (Rs. 177.95,+0.39%), were among top gainers on the BSE.
On the sectoral front, realty and power stocks emerged as top losers, falling as much as 1.94 per cent and 0.75 per cent respectively.
On the global front, Asian stocks ended lower as investors remained cautious ahead of the Federal Reserve and the Bank of Japan policy meets this week.
20/09/2016 16:10
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The 30-share BSE SENSEX closed at 28523.2, down by 111.3 points or by 0.39 per cent and the NSE Nifty ended at 8775.9, down by 32.5 points or by 0.37 per cent.
The focus is on the US Federal Reserve and the Bank of Japan with both central banks slated to begin their two-day policy meetings on Tuesday. The chances of a US Fed rate hike this week remain slim in the wake of recent soft US economic data while analysts are divided over the possibility of further Bank of Japan action. A decision by the Fed to refrain from tightening may boost foreign capital flows to emerging markets including Asia’s third biggest economy.
In the bearish trade, the BSE Sensex touched intraday high of 28698.81 and intraday low of 28480.53, while the NSE Nifty touched intraday high of 8816.45 and intraday low of 8759.3.
The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3468.10,-2.43%), Adani Ports & Special Economic Zone Ltd. (Rs. 270.15,-2.16%), Bajaj Auto Ltd. (Rs. 2888.10,-1.96%), Bharti Airtel Ltd. (Rs. 318.90,-1.59%), NTPC Ltd. (Rs. 153.45,-1.22%), among others.
On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 257.75,+1.48%), Tata Steel Ltd. (Rs. 365.45,+1.08%), Cipla Ltd. (Rs. 601.90,+0.70%), Maruti Suzuki India Ltd. (Rs. 5512.85,+0.53%), Power Grid Corporation of India Ltd. (Rs. 177.95,+0.39%), were among top gainers on the BSE.
On the sectoral front, realty and power stocks emerged as top losers, falling as much as 1.94 per cent and 0.75 per cent respectively.
On the global front, Asian stocks ended lower as investors remained cautious ahead of the Federal Reserve and the Bank of Japan policy meets this week.
