Friday, December 23, 2016

Sensex ,Nifty volatile amid thin volumes; Maruti  most active....!

HDFC ,HDFC Bank, HUL, Reliance Industries and  Maruti Suzuki gained Industries and Maruti Suzuki gained 0.31 percent. ITC, Tata Motors,Infosys,TCS, Axis Bank, M& M and Adani Ports fell 0.7-1.4 percent.
Many Sectors have been engulfed in the aftermath of the Demonetisation drive and the market
too is bearing the brust of the cash cjaos. Expressing disappointment due to cash ban, of IDFC securities says that the market any not see a recovery soon and there will be the three quarter of dismay. He said that the earnings growth will be impacted and earnings growth of non financial sectors can come down close to zero percent from 15 percent. Equity benchmarks as well as broader markets remained lack lustre amid low volumes ahead of chritmas holiday.Technology stocks were under pressure while HDFC group stocks led the support

The 30- share BSE sensex was down 11.65 points at 25967.95 and the 50- share NSE Nifty declined 9.60 points to 7969.50- the markets breadth was negative as about 954 advancing shares were red with little chritmas cheer in thin holiday trade China's Shanghai and Hong kong's were down over half a percent. Sun pharma climed more than 2% on short covering and acquistion of 14.58 percent in U.S based sc pharmaceuticals INC.
     

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