Sensex, Nifty flat on fresh Fed jitters; auto, metal support
29/08/2016 11:41
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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At 11:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,787.28, up by 5.03 points or 0.02 per cent while the NSE Nifty was at 8,566.15, down by 6.4 points or 0.07 per cent.
Buying momentum was witnessed mainly in the metal and auto sector stocks.
Meanwhile, shares of DLF, MOIL, Indian Oil Corporation will be in focus today as they reveal their April-June quarter earnings data.
On the global front, most of the Asian markets were trading in the red as investors across the globe weighed comments from US Fed Chair Janet Yellen who stressed that the case for monetary tightening in the world’s biggest economy had strengthened. Shanghai Composite was down 0.16 per cent and Hang Seng slid by 0.43 per cent but Japan’s Nikkei 225 rose 2.41 per cent after Bank of Japan Governor reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus without hesitation.
29/08/2016 11:41
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
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Tracking weak cues from fellow Asian peers, Indian equity benchmarks were trading flat during the late morning deals on Monday due to sustained selling by participants amid increasing expectations of US interest rate hike this year.At 11:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,787.28, up by 5.03 points or 0.02 per cent while the NSE Nifty was at 8,566.15, down by 6.4 points or 0.07 per cent.
Buying momentum was witnessed mainly in the metal and auto sector stocks.
Meanwhile, shares of DLF, MOIL, Indian Oil Corporation will be in focus today as they reveal their April-June quarter earnings data.
On the global front, most of the Asian markets were trading in the red as investors across the globe weighed comments from US Fed Chair Janet Yellen who stressed that the case for monetary tightening in the world’s biggest economy had strengthened. Shanghai Composite was down 0.16 per cent and Hang Seng slid by 0.43 per cent but Japan’s Nikkei 225 rose 2.41 per cent after Bank of Japan Governor reiterated a commitment to ease monetary policy further if necessary, stressing that he would step up economic stimulus without hesitation.
