At 12:00 p.m., the Sensex
was at 17,147.14, down 4.15 points, or 0.02 percent. It has touched a
high of 17,193.25 and a low of 17,101.73 in trade so far.
The Nifty was at 5,200.30, down 1.70 points, or 0.03 percent. It has touched a high of 5,215.60 and a low of 5,183.65 in trade so far.
"On the daily chart, for the second consecutive trading session, we witnessed a narrow range body formation which indicates indecisiveness prevailing at the current level.
If Nifty trades convincingly above the 5,240 level, only then we may witness an upside up to the 5,300 level. On the downside, the 200-day SMA (5,132 level) remains the crucial support level, which if breached on a closing basis a further weakness to 5,050 could be possible in a couple of trading sessions.
We reiterate that traders are advised to maintain a cautious approach towards the market," an Arihant Capital Market report stated.
The BSE Midcap Index was down 0.22 percent and the BSE Smallcap Index moved 0.05 percent lower.
Among sectoral indices, the BSE Auto Index was down 0.64 percent, the BSE Realty Index slipped 0.61 percent and the BSE Power Index declined 0.41 percent. The BSE Metal Index was up 0.50 percent and the BSE IT Index advanced 0.50 percent.
GAIL (2.51%), Hero MotoCorp (2.44%), DLF (1.72%), Bajaj Auto (1.66%) and Hindustan Unilever (1.15%) were the major Sensex losers.
Jindal Steel (3.28%), Tata Steel (1.19%), Infosys Technologies (1.05%), Tata Consultancy Services (0.78%) and ITC (0.53%) were among the major gainers.
The market breadth was positive on the BSE with 1,017 gainers against 1,284 losers.
Foreign institutional investors continue to remain net sellers in Indian equities. On Wednesday, they sold shares worth Rs 340.84 crore, as per provisional data from stock exchanges. In the last three sessions alone, they have sold equities worth Rs 1,609.10 crore.
The rupee pared intraday gains against the US dollar as foreign institutional investors continued to remain cautious on Indian equities. The partially convertible rupee was at 52.52 per dollar, down 2 paise, against a previous close of 52.54. It slipped after touching an intraday high of 52.43.
The Asian markets are also tepid. The Nikkei 225 was up 0.01 percent, the Shanghai Composite edged up 0.21 percent, and the Strait Times inched 0.07 percent higher.
Source: Economics Times
The Nifty was at 5,200.30, down 1.70 points, or 0.03 percent. It has touched a high of 5,215.60 and a low of 5,183.65 in trade so far.
"On the daily chart, for the second consecutive trading session, we witnessed a narrow range body formation which indicates indecisiveness prevailing at the current level.
If Nifty trades convincingly above the 5,240 level, only then we may witness an upside up to the 5,300 level. On the downside, the 200-day SMA (5,132 level) remains the crucial support level, which if breached on a closing basis a further weakness to 5,050 could be possible in a couple of trading sessions.
We reiterate that traders are advised to maintain a cautious approach towards the market," an Arihant Capital Market report stated.
The BSE Midcap Index was down 0.22 percent and the BSE Smallcap Index moved 0.05 percent lower.
Among sectoral indices, the BSE Auto Index was down 0.64 percent, the BSE Realty Index slipped 0.61 percent and the BSE Power Index declined 0.41 percent. The BSE Metal Index was up 0.50 percent and the BSE IT Index advanced 0.50 percent.
GAIL (2.51%), Hero MotoCorp (2.44%), DLF (1.72%), Bajaj Auto (1.66%) and Hindustan Unilever (1.15%) were the major Sensex losers.
Jindal Steel (3.28%), Tata Steel (1.19%), Infosys Technologies (1.05%), Tata Consultancy Services (0.78%) and ITC (0.53%) were among the major gainers.
The market breadth was positive on the BSE with 1,017 gainers against 1,284 losers.
Foreign institutional investors continue to remain net sellers in Indian equities. On Wednesday, they sold shares worth Rs 340.84 crore, as per provisional data from stock exchanges. In the last three sessions alone, they have sold equities worth Rs 1,609.10 crore.
The rupee pared intraday gains against the US dollar as foreign institutional investors continued to remain cautious on Indian equities. The partially convertible rupee was at 52.52 per dollar, down 2 paise, against a previous close of 52.54. It slipped after touching an intraday high of 52.43.
The Asian markets are also tepid. The Nikkei 225 was up 0.01 percent, the Shanghai Composite edged up 0.21 percent, and the Strait Times inched 0.07 percent higher.
Source: Economics Times
No comments:
Post a Comment