Friday, February 19, 2016

Free Nifty Tips - Sensex rangebound; Nifty50 tests 7,150; BHEL slumps 4%

2:37 PM


Free Nifty Tips - The S&P BSE Sensex pared most of its losses to trade in a range after slipping over 100 points in morning trade on Friday, led by losses in HDFC, L&T, Axis Bank, HDFC Bank, and Maruti Suzuki India Ltd.

The Nifty50 was trading around its crucial level of 7150, weighed down by losses in metals, realty, power, capital goods, and banking stocks. Shares of SpiceJet and Jet Airways climbed over 4 and 3 per cent , respectively. Meanwhile, BHEL slumped over 4 per cent in early morning trade.
 
The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices losing 0.56 and 0.24 per cent, respectively.
 
Most other Asian markets traded weak tracking weak cues from Wall Street overnight. Japan's Nikkei slipped 2.2 per cent while the South Korean Kospi was down 0.10 per cent. Hong Kong's Hang Seng index was down 0.41 per cent. China's CSI300 index traded lower by 0.62 per cent.

Sensex: 23604.25, down 44 points; Nifty50: 7174.45, down 17 points

Top Gainers: SBI (2.4%), HERO MOTOCORP (2.2%), M&M (1.9%), ICICI BANK (1.8%), BAJAJ AUTO (1.4%)
 
Top Losers: MARUTI SUZUKI (2.2%), BHEL (1.9%), COAL INDIA (1.7%), AXIS BANK (1.6%), HDFC (1.4%)



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