Monday, 29 August 2016

Nifty hovers around 8550, Sensex weak; TCS, Wipro slip 2%

TCS, Adani Ports and Wipro were top losers on the Sensex, falling 2 percent each while Tata Motors topped the buying list again, up 4 percent as brokerage houses raised target price on the stock after Q1 earnings. 

10:17 am Market Expert: Global markets may correct 5-6 percent if the US Fed decides to hike rate depending on the job data expected this Friday, says CNBC-TV18’s Consulting editor Udayan Mukherjee.

If the Fed does hike rates, there is unlikely to be a mayhem in equities as markets will price it in advance.

Nifty, which is struggling to top 8700, has been rallying sideways over the last month with some shallow corrections. Liquidity, the big driver of this market, is now drying up, Mukherjee says.

“Market is bereft of triggers now,” he says adding this could keep the market in check. The focus will now be on specific stocks, he says.

Also read - Investment strategies: 3 large caps that analysts suggest to buy 

10:00 am Market Check: 

Equity benchmarks remained in a consolidation phase with the Nifty hovering around 8550 level due to lack of global as well as domestic triggers. Inflow of foreign money also dried up last week after hefty buying by FIIs since March.

The 30-share BSE Sensex was down 55.22 points at 27727.03 and the 50-share NSE Nifty down 19.25 points at 8553.30. The market breadth was negative as about 1040 shares declined against 780 advancing shares on the BSE.

TCS, Adani Ports and Wipro were top losers on the Sensex, falling 2 percent each while Tata Motors topped the buying list again, up 4 percent as brokerage houses raised target price on the stock after Q1 earnings.

The Indian rupee has been trading above 67 a dollar from last week, down 10 paise compared to Friday's closing value.
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8 comments:

BIGPROFITBUZZ said...

#Performance of the Day (29th Aug 2016)

#Equity Profit Buzz Performance (29th Aug 2016)
1. BPCL (Profit Rs 4.80/share)
2. HINDUNILVR (Profit Rs 0/Share)
3. AXISBANK (Loss Rs 4/Share)

#Derivative Profit Buzz Performance (29th Aug 2016)
1. BPCL (Profit Rs 4800/Lot)
2. HINDUNILVR (Profit Rs 2400/Lot)
3. AXISBANK (Loss Rs 4800)

#Nifty Profit Buzz Performance (29th Aug 2016)
1. BANKNIFTY (Profit Rs 3200/Lot)
2. NIFTY (Profit Rs 1875/Lot)

#Option Profit Buzz Performance (29th Aug 2016)
1. AXISBANK 590CE (Pending)

#Jackpot Profit Buzz Performance (29th Aug 2016)
1. TATASTEEL (Exit Cost to Cost)

#Multi Profit Buzz Performance (29th Aug 2016)
1. BPCL (Profit Rs 4.80/share & Rs 4800/Lot)
2. HINDUNILVR (Profit Rs 0/Share & Rs 2400/Lot)
3. AXISBANK (Loss Rs 4/Share & Rs 4800)
4. BANKNIFTY (Profit Rs 3200/Lot)
5. NIFTY (Profit Rs 1875/Lot)
6. AXISBANK 590CE (Pending)
www.bigprofitbuzz.com

Krush Bell said...

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Neha Agrawal said...

There are many large companies enlisted in nifty and sensex which can create high return on investment. Traders should take a help of experts for investment in nifty and sensex index. Epic Research offers nse and bse tips for the traders.

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Geet Khare said...

The market is still flat. The Sensex is up 24.46 points at 28476.63 and the Nifty is up 9.10 points or 0.1 percent at 8795.30. About 1180 shares have advanced, 979 shares declined, and 140 shares are unchanged. capitalstars

Krush Bell said...

GAIL, ICICI Bank, Tata Motors, Coal India, and M&M are the major gainer. These stocks top in buying list. get accurate advice on stock market, contact stock market tips

Geet Khare said...

The U.S. dollar held firm as Friday's disappointing U.S. jobs growth figures did little to change investors' perception that the

Federal Reserve is likely to raise interest rates in coming months. capitalstars