Monday, 7 December 2015

Sensex, Nifty continue to struggle; NTPC, Coal India drag


http://www.researchvia.com/nifty-futures/
free Nifty tips - The S&P BSE Sensex traded rangebound after surging over 100 points in the morning trade on Monday tracking similar gains seen in other Asian markets.

The Nifty50 was testing its crucial psychological level of 7,800.The broader market outperformed the benchmark indices with the BSE midcap and BSE smallcap indices gaining 0.16 and 0.6 per cent, respectively. Among the sectoral indices, the BSE Healthcare index was the top gainer up 0.73 per cent. The overall sentiment on the Street was positive with six ofe every ten BSE stocks trading in the green.
 
Shares of Tree House Education surged over 5 per cent while that of Sun Pharma gained over 2 per cent in early trade.
 
There seems to be no respite for the market as it reels under selling pressure. The Nifty is struggling below 7800. The 50-share index is down 26.85 points at 25611.26. The Nifty is down 0.45 points at 7781.45. About 1400 shares have advanced, 874 shares declined, and 105 shares are unchanged.

Sun Pharma continues to rally 3 percent while Tata Steel, Hindalco, HDFC Bank and Hero Motocorp are top gainers in the Sensex. Among the losers are ITC, NTPC, Coal India, ONGC and Dr Reddy's Labs.
 
Asian share markets bounced after Wall Street welcomed an upbeat US jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Equity investors in Asia were also wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. Trade figures are due on Tuesday, followed by inflation on Wednesday and industrial output and retail sales.











1 comment:

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