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Monday, 16 May 2016
Indian Shares Trading Market News and Recommendation
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The S&P BSE Sensex pared all gains after rising over 100 points in Monday morning trade led by losses in SBI, ICICI Bank, HDFC, HUL, and Bharti Airtel.The Nifty50 was trading weak, slipping below its crucial support level of 7800 weighed down by losses in banking, IT, realty, and auto stocks .
Indian shares fell more than 1 percent on Friday after stronger-than-expected consumer inflation data raised the prospect the Reserve Bank of India would keep interest rates on hold, sending lenders such as State Bank of India sharply lower.The broader NSE Nifty closed 1.08 percent lower at 7,814.90, while the benchmark BSE Sensex ended down 1.17 percent at 25,489.57.
The S&P BSE Sensex pared all gains after rising over 100 points in Monday morning trade led by losses in SBI, ICICI Bank, HDFC, HUL, and Bharti Airtel.The Nifty50 was trading weak, slipping below its crucial support level of 7800 weighed down by losses in banking, IT, realty, and auto stocks .
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ReplyDeleteThe Sensex is up 20.90 points at 27676.86 and the Nifty is up 5.50 point at 8566.80.
ReplyDeleteCapitalStars