The market continued its
consolidation after a 2 percent loss in previous week as investors are eagerly
waiting for fourth quarter earnings and outlook for FY17.
The 30-share BSE Sensex fell 31.86 points to
24641.98 and the 50-share NSE Nifty declined 4.05 points to 7551.15 while the broader markets
outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.2 percent
each on positive market breadth.
Bharti Airtel gained 3
percent on acquisition of 4G spectrum from Aircel in 8 circles. Tata Motors,
Adani Ports, ONGC, Sun Pharma, BHEL and Hindalco Industries rose 0.5-1.5
percent while Infosys, HDFC, Lupin, HDFC Bank, TCS, M&M, Dr Reddy's Labs
and Cipla fell 0.5-1.8 percent.
MOMENTUM NIVESH:
BUY JUST DIAL FUTURE ABOVE 762 TG 772, 790 SL 752,
BUY DIVIS LAB FUTURE ABOVE 1032 TG 1042, 1055 SL 1020,
CLICK FOR
The market continued
its consolidation after a 2 percent loss in previous week as investors
are eagerly waiting for fourth quarter earnings and outlook for FY17.
The 30-share BSE Sensex fell 31.86 points to 24641.98 and the 50-share
NSE Nifty declined 4.05 points to 7551.15 while the broader markets
outperformed benchmarks.
The BSE Midcap and Smallcap indices gained 0.2 percent each on positive
market breadth. About 1016 shares advanced against 602 declining shares
on Bombay Stock Exchange.
Bharti Airtel gained 3 percent on acquisition of 4G spectrum from Aircel
in 8 circles.
Tata Motors, Adani Ports, ONGC, Sun Pharma, BHEL and Hindalco Industries
rose 0.5-1.5 percent while Infosys, HDFC, Lupin, HDFC Bank, TCS,
M&M, Dr Reddy's Labs and Cipla fell 0.5-1.8 percent.
Read more at: http://www.moneycontrol.com/news/local-markets/nifty-hovers-around-7550-infosys-hdfc-lupin-under-pressure_6205881.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/local-markets/nifty-hovers-around-7550-infosys-hdfc-lupin-under-pressure_6205881.html?utm_source=ref_article
0 Comments