Sensex slips 247 points; Nifty breaks 8900
09/09/2016 10:31
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices fell sharply in the morning trades on account of profit booking at higher levels.
At 10:20 hours, the 30-share benchmark index was trading at 28798.2 down by 247.08 points or by 0.85 per cent, while NSE Nifty was at 8886.9 down by 65.6 points or by 0.73 per cent.
The traders remained on the sidelines amid uncertainty over the outlook of monetary policies in key global economies after the European Central Bank (ECB) refrained from fresh stimulus on Thursday.
Investors are also awaiting key macro data which will offer further cues over the health of Asia’s third biggest economy.
On the global front, Shanghai Composite was tad higher as China’s factory-gate prices fell 0.8 per cent in August 2016, year-on-year while consumer inflation at 1.3 per cent was subdued. Hang Seng rose and Japan’s Nikkei 225 rebounded despite the ECB’s decision to refrain from committing to further stimulus while speculation that North Korea conducted a nuclear test spurred geopolitical worries, keeping gains in check.
09/09/2016 10:31
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices fell sharply in the morning trades on account of profit booking at higher levels.
At 10:20 hours, the 30-share benchmark index was trading at 28798.2 down by 247.08 points or by 0.85 per cent, while NSE Nifty was at 8886.9 down by 65.6 points or by 0.73 per cent.
The traders remained on the sidelines amid uncertainty over the outlook of monetary policies in key global economies after the European Central Bank (ECB) refrained from fresh stimulus on Thursday.
Investors are also awaiting key macro data which will offer further cues over the health of Asia’s third biggest economy.
On the global front, Shanghai Composite was tad higher as China’s factory-gate prices fell 0.8 per cent in August 2016, year-on-year while consumer inflation at 1.3 per cent was subdued. Hang Seng rose and Japan’s Nikkei 225 rebounded despite the ECB’s decision to refrain from committing to further stimulus while speculation that North Korea conducted a nuclear test spurred geopolitical worries, keeping gains in check.
