Friday 11 August 2017

Live Stock Market Updates: Nifty Struggles Below 9750 Mark

Posted by suhani varma on Friday, August 11, 2017 with No comments
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Markets continue to slide lower as geopolitical risk weigh in. Immediate support for Nifty is placed at 9650 and 9600 and resistance at 9800 and 9850.Bank Nifty index was lower in morning hour at 24,060 level, down by 156 points or 0.65%. IndusInd Bank was the top loser in the index trading at Rs 1,606 per share, down by Rs 23 per share or 1.41%. The heavyweight in the bank segment, HDFC Bank was trading at Rs 1,741 per share, down by Rs 19.3 per share or 1.1%.

ICICI Bank was also down by Rs 285.65 per share, down by 1.07%. Other bank stocks like SBI, Yes Bank, Bank of Baroda and Axis Bank were trading in positive territory.There were 493 advances, 1087 declines and 362 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. The S&P BSE Sensex is trading at 31,294 down 237 points, while NSE Nifty is trading at 9,743 down 76 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 200 stocks touched a new 52-week low on the NSE.

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