Thursday, 15 September 2016

Sensex, Nifty erase gains amid consolidation; ITC, Sun Pharma up

The market breadth remained positive for second day as about two shares advanced for every share falling on the Bombay Stock Exchange. 

10:22 am Market turns negative: Equity benchmarks erased early gains amid consolidation. The Sensex was down 27.58 points at 28344.65 and the Nifty down 14.15 points at 8712.45.

About 1165 shares advanced against 836 declining shares on the BSE.

10:20 am Market Outlook: Concerns of a weak monsoon have started to worry Indian markets but a 4-5 percent deficit is no cause for concern, according to experts. About 86 percent of the country has got "normal" and "above normal" rainfall, but the figure may slide when withdrawal of the southwest monsoon begins this week.

A subdued monsoon is a disappointment but it is unlikely to affect the rural economy, Sanjeev Prasad, Senior Executive Director & Co Head (Strategy) at Kotak Institutional Equities, told CNBC-TV18. The concerns are more in the non-agricultural segment of the rural economy such as construction and mining which have not been doing well in the past, he said. One good monsoon would not have changed the segment, he added.

Also read - Will IMD's forecast of 'above normal' rainfall fall flat? 

10:00 am Market Check 

Equity benchmarks continued to consolidate for the second consecutive session as investors waited for the outcome of two-day policy meeting of the Federal Reserve next week.

The 30-share BSE Sensex was up 31.18 points at 28403.41 and the 50-share NSE Nifty rose 9.45 points to 8736.05.

The market breadth remained positive for second day as about two shares advanced for every share falling on the Bombay Stock Exchange.

ITC, Adani Ports, Sun Pharma, Cipla, BHEL and GAIL were top gainers on the Sensex, up 1-2 percent whereas Infosys, Axis Bank, Hero Motocorp and Bajaj Auto lost 1-2 percent.

Oil prices rebounded today after falling around 3 percent in the previous session, supported by an unexpected fall in US crude inventories.

Brent crude futures were trading at USD 46.10 per barrel, up 0.55 percent, from the last settlement. US West Texas Intermediate futures were up 0.3 percent, at USD 43.71 a barrel.
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4 comments:

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pranjali upadhyay said...

Reliance Industries extened gains in afternoon trade, up 1.35 percent.
Capitalstars

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BIGPROFITBUZZ said...

#Performance of the Day (15th Sept 2016)

#Equity Profit Buzz Performance (15th Sept 2016)
1. AUROPHARMA (Profit Rs 7/share)
2. SUNPHARMA (Profit Rs 4/share)

#Derivative Profit Buzz Performance (15th Sept 2016)
1. AUROPHARMA (Profit Rs 6300/Lot)
2. SUNPHARMA (Profit Rs 3600/Lot)

#Nifty Profit Buzz Performance (15th Sept 2016)
1. BANKNIFTY (Profit Rs 3880/Lot)
2. NIFTY (Profit Rs 2250/Lot)

#Option Profit Buzz Performance (15th Sept 2016)
1. AXISBANK 580PE (Profit Rs 4800/Lot)
2. RELINFRA 580CE (Profit Rs 2145/Lot)

#Jackpot Profit Buzz Performance (15th Sept 2016)
1. TATASTEEL (Profit Rs 4/share & Rs 8000/Lot)

#Multi Profit Buzz Performance (15th Sept 2016)
1. AUROPHARMA (Profit Rs 7/share & Rs 6300/Lot)
2. SUNPHARMA (Profit Rs 4/share & Rs 3600/Lot)
3. BANKNIFTY (Profit Rs 3880/Lot)
4. NIFTY (Profit Rs 2250/Lot)
5. AXISBANK 580PE (Profit Rs 4800/Lot)
6. RELINFRA 580CE (Profit Rs 2145/Lot)
www.bigprofitbuzz.com