single

Key equity indices extended losses and hit fresh intraday low in early afternoon trade. At 12:27 IST, the barometer index, the S&P BSE Sensex, was down 145.04 points or 0.40% at 35,961.46. The Nifty 50 index was down 43.05 points or 0.40% at 10,778.55. The Sensex slipped below 36,000 mark. The Nifty slipped below 10,800 mark. Weakness in banks shares put pressure on benchmarks.

The indices opened higher and hit fresh intraday higher in early deals. Indices sharply pared gains in morning trade. The market reversed trend and turned negative in mid-morning trade. Indices hit fresh intraday low in early afternoon trade.

Among secondary barometers, the BSE Mid-Cap index was down 0.28%. The BSE Small-Cap index was down 0.21%.

The market breadth, indicating the overall health of the market, was negative. On BSE, 965 shares rose and 1276 shares fell. A total of 169 shares were unchanged.

Banks shares declined. Among private sector banks, IndusInd Bank (down 1.43%), RBL Bank (down 0.92%), ICICI Bank (down 0.84%), Federal Bank (down 0.57%), City Union Bank (down 0.55%), Yes Bank (down 0.46%) and Kotak Mahindra Bank (down 0.23%), edged lower. Axis Bank (up 0.06%) and HDFC Bank (up 0.35%), edged higher.

Among public sector banks, Punjab & Sind Bank (down 3.05%), Allahabad Bank (down 2.18%), Bank of Baroda (down 2.03%), Bank of India (down 1.93%), Syndicate Bank (down 1.85%), IDBI Bank (down 1.28%), Canara Bank (down 1.01%), United Bank of India (down 0.93%), Dena Bank (down 0.73%), Bank of Maharashtra (down 0.53%), UCO Bank (down 0.48%), State Bank of India (down 0.43%), Punjab National Bank (down 0.18%), Andhra Bank (down 0.17%), Indian Bank (down 0.1%) and Vijaya Bank (down 0.1%), edged lower. Central Bank of India (up 0.70%) and Union Bank of India (up 1.40%), edged higher.

Realty shares declined. D B Realty (down 4.27%), Housing Development and Infrastructure (HDIL) (down 4.27%), Sobha (down 3.92%), Unitech (down 2.88%), DLF (down 1.72%), Peninsula Land (down 1.7%), Oberoi Realty (down 1.41%), Anant Raj (down 1.29%), Indiabulls Real Estate (down 1.13%), Prestige Estates Projects (down 1.13%), Phoenix Mills (down 0.92%), Mahindra Lifespace Developers (down 0.86%), Parsvnath Developers (down 0.62%), Godrej Properties (down 0.24%) and Omaxe (down 0.07%), edged lower. Sunteck Realty was up 0.1%.

Overseas, Asian stocks were trading higher on Friday, amid improved investor sentiment following overnight gains on Wall Street.

US stock markets logged a fifth straight advance on Thursday, representing the longest such win streaks for the Dow and S&P 500 of the past few months. Investors responded to comments by Federal Reserve Chairman Jerome Powell. At the Economic Club of Washington, Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes. He added that the Fed's balance sheet would be substantially smaller.

0 thoughts on “Nifty slips below 10 800 mark”

Post Comment



  Nifty Future Tips

Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.

Get Intraday Tips / Delivery calls for FREE



Daily News

VIEW ALL
View My Stats