Markets under pressure; Yellen's speech eyed
26/08/2016 14:18
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At 14:10 hours, the 30-share benchmark index was trading at 27743.88 down by 92.03 points or by 0.33 per cent, while the NSE Nifty was at 8565.8 down by 26.4 points or by 0.31 per cent.
Investors remained on the sidelines as US Federal Reserve Chair Janet Yellen is scheduled to speak at the Kansas City Fed's annual Monetary Policy Symposium in Jackson Hole, Wyoming, which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy.
In the choppy trade so-far, Sensex touched an intraday high of 27935.88 and an intraday low of 27740.14, while the NSE Nifty touched an intraday high of 8622.95 and intraday low of 8561.85.
Top losers on the D-street included Wipro Ltd. (Rs. 491.85,-2.62%), Larsen & Toubro Ltd. (Rs. 1426.95,-2.09%), Adani Ports & Special Economic Zone Ltd. (Rs. 256.90,-2.00%), Infosys Ltd. (Rs. 1022.25,-1.38%), State Bank of India (Rs. 246.90,-1.26%), among others. However, some buying interest was seen in index heavyweights includes GAIL (India) Ltd. (Rs. 381.85,+2.32%), Tata Motors Ltd. (Rs. 502.00,+1.67%), Reliance Industries Ltd. (Rs. 1026.00,+1.27%), Cipla Ltd. (Rs. 566.75,+0.66%), Mahindra & Mahindra Ltd. (Rs. 1419.10,+0.34%), among others.
Among the sectors, Consumer good and IT indices were on the seller’s radar, declining 1.31 per cent and 1.06 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2779 , shares advanced were 1023 while 1556 shares declined and 200 were unchanged.
On the global front, Asian peers ended the day on a mixed note, while European counters were hovering in red.
26/08/2016 14:18
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The key domestic benchmark indices continued to trade under pressure during the late noon trading session as investors remained cautious ahead of the US Federal Reserve's direction on key policy rates at a meeting scheduled today.At 14:10 hours, the 30-share benchmark index was trading at 27743.88 down by 92.03 points or by 0.33 per cent, while the NSE Nifty was at 8565.8 down by 26.4 points or by 0.31 per cent.
Investors remained on the sidelines as US Federal Reserve Chair Janet Yellen is scheduled to speak at the Kansas City Fed's annual Monetary Policy Symposium in Jackson Hole, Wyoming, which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy.
In the choppy trade so-far, Sensex touched an intraday high of 27935.88 and an intraday low of 27740.14, while the NSE Nifty touched an intraday high of 8622.95 and intraday low of 8561.85.
Top losers on the D-street included Wipro Ltd. (Rs. 491.85,-2.62%), Larsen & Toubro Ltd. (Rs. 1426.95,-2.09%), Adani Ports & Special Economic Zone Ltd. (Rs. 256.90,-2.00%), Infosys Ltd. (Rs. 1022.25,-1.38%), State Bank of India (Rs. 246.90,-1.26%), among others. However, some buying interest was seen in index heavyweights includes GAIL (India) Ltd. (Rs. 381.85,+2.32%), Tata Motors Ltd. (Rs. 502.00,+1.67%), Reliance Industries Ltd. (Rs. 1026.00,+1.27%), Cipla Ltd. (Rs. 566.75,+0.66%), Mahindra & Mahindra Ltd. (Rs. 1419.10,+0.34%), among others.
Among the sectors, Consumer good and IT indices were on the seller’s radar, declining 1.31 per cent and 1.06 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2779 , shares advanced were 1023 while 1556 shares declined and 200 were unchanged.
On the global front, Asian peers ended the day on a mixed note, while European counters were hovering in red.
