INSUBCONTINENT EXCLUSIVE:
A free fall in the rupee coupled with panic selling in industry heavyweights Infosys, RIL and Sun Pharma, ahead of Trump tariffs on China
dragged the market lower on Thursday
At the bell, the SP BSE Sensex stood at 35,574, down 71 points, while NSE's Nifty50 slipped 20.15 points to 10,749.
In today's After
billion a year in trade tariffs and make it unprofitable to remain in the UK
At close, shares stood at Rs 261.50 apiece on BSE, down 2 per cent.
Block deals in NTPC, PowerGridNTPC ended over half a per cent lower at
Rs 152 after 37.3 lakh shares changed hands in a single block deal on the BSE
Power Grid closed 0.77 per cent down at Rs 182 after 19.9 lakh shares changed hands in a single block deal.
10,800-10,860 key hurdle for
NiftyThe Nifty50 formed 'Bearish Belt Hold' pattern on the daily chart
The entire process of distribution over last several sessions seems to be taking form of a distribution triangle
A medium-term falling trend-line and upper end of a possible distribution triangle i.e
10,800-10,860 shall be the key hurdle zone to watch out for
On the downside, a breach of the support zone between 10,604 and 10,557 shall trigger a major decline
JP, Dish TV among volume gainersJP Associates, Dish TV India, IDBI Bank, YES Bank and Tata Motors were the most active stocks in terms of
RIL, Infosys and Maruti Suzuki were most active stock in terms of value.
Infy bleeds on trade war fearsThe IT major fell as much as 5.63 per
cent to Rs 1,268 apiece, their biggest daily percentage loss since April 16 on trade war tensions
The stock has plummeted after breaching a support at Rs 1,325, the 61.8 per cent Fibonacci projection level of the uptrend from October 5,
2012 low to June 3, 2016 high.
RITES slips, Fine Organic flatShares of newly-listed RITES slipped 4.25 per cent to settle at Rs 197.20
apiece on BSE while those of Fine Organic Industries ended flat at Rs 818.05 apiece on BSE
Insider tradesBSE data showed Arpit Tandon, an employee of HDFC, has revoked 605 equity shares
Jalgaon Investments, the promoter of Jain Irrigation Systems, has acquired 1,00,000 shares via market purchase.
