Key indices slipped into the red in early afternoon trade while Rupee edged higher against the dollar.
Key Indian indices continued the lackluster trade after a flat to negative opening with Sensex trading
marginally lower from previous close. All the sectoral indices were trading in red except the Healthcare.
Traders were waiting for US data followed by domestic election outcome on Sunday while also taking a
breather after yesterday’s stellar rally.
Shares of sugar companies were trading higher on the bourses today ahead of a meeting of Group of
Ministers (GoM) today to discuss bailout package for cash-strapped sugar mills and other issues including
timely payment to cane producers.
Shares of private banks fell while PSU banks rose. Other PSU stocks rose on strong demand from investors
for follow on public offer of Power Grid. FIIs bought shares worth a net Rs 1151.51 crore in the last session
while DIIs remained net sellers.
The Market breadth, indicating the overall strength of the market, was weak with advance/decline ratio
of 1123/1062 at the BSE.
Frontline stocks like Amara Raja, Biocon and Crompton made a 52 week high during intraday trades.
At present, markets were trading positive with BSE up 21 points at 20979 while Nifty was at 6245 up 4
points at this afternoon as traders don’t want to carry any fresh position ahead of Sunday event.
Key Indian indices continued the lackluster trade after a flat to negative opening with Sensex trading
marginally lower from previous close. All the sectoral indices were trading in red except the Healthcare.
Traders were waiting for US data followed by domestic election outcome on Sunday while also taking a
breather after yesterday’s stellar rally.
Shares of sugar companies were trading higher on the bourses today ahead of a meeting of Group of
Ministers (GoM) today to discuss bailout package for cash-strapped sugar mills and other issues including
timely payment to cane producers.
Shares of private banks fell while PSU banks rose. Other PSU stocks rose on strong demand from investors
for follow on public offer of Power Grid. FIIs bought shares worth a net Rs 1151.51 crore in the last session
while DIIs remained net sellers.
The Market breadth, indicating the overall strength of the market, was weak with advance/decline ratio
of 1123/1062 at the BSE.
Frontline stocks like Amara Raja, Biocon and Crompton made a 52 week high during intraday trades.
At present, markets were trading positive with BSE up 21 points at 20979 while Nifty was at 6245 up 4
points at this afternoon as traders don’t want to carry any fresh position ahead of Sunday event.
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