Sensex slips 124 points; Nifty breaks 8600
23/08/2016 14:23
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At 14:20 hours, the 30-share benchmark index was trading at 27861.72 down by 123.82 points or by 0.44 per cent, while the NSE Nifty was at 8596.85 down by 32.3 points or by 0.37 per cent.
Sentiments also remained subdued with the private report indicating that achieving a 4 per cent inflation target in the near term seems unlikely, largely due to spike in prices of food and non-food items and the August CPI numbers are expected to be in the range of 6.1-6.3 per cent.
Among the sectors, Oil & gas and power indices were on the seller’s radar, declining 1.68 per cent and 1.39 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2848 , shares advanced were 1164 while 1492 shares declined and 192 were unchanged.
On the global front, Asian peers ended the day on a mixed note, while European counters were trading in green.
23/08/2016 14:23
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NIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices extended losses during the late noon trading session as investors remained cautious ahead of the August F&O expiry and Federal Reserve Chair Janet Yellen's speech on Friday.At 14:20 hours, the 30-share benchmark index was trading at 27861.72 down by 123.82 points or by 0.44 per cent, while the NSE Nifty was at 8596.85 down by 32.3 points or by 0.37 per cent.
Sentiments also remained subdued with the private report indicating that achieving a 4 per cent inflation target in the near term seems unlikely, largely due to spike in prices of food and non-food items and the August CPI numbers are expected to be in the range of 6.1-6.3 per cent.
Among the sectors, Oil & gas and power indices were on the seller’s radar, declining 1.68 per cent and 1.39 per cent respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2848 , shares advanced were 1164 while 1492 shares declined and 192 were unchanged.
On the global front, Asian peers ended the day on a mixed note, while European counters were trading in green.
