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Tuesday, 23 May 2017

Sensex drops 200 pts,Nifty ends below 9400,Option Future Trading Tips

Sensex Nifty down
The benchmark indices ended lower with BSE Sensex going down 205.72 points at 30,365.25, and the NSE Nifty down 51.01 points at 9,386.15 since investors booked profit in latest outperformers. 

Stocks of Realty and Pharma were the major contributors in the today’s selloff. There are about 602 shares advances, against 2121 declines, and a total of 159 shares were unchanged. 

Stocks of Mahindra and Mahindra, Wipro Ltd, Tata Steel, Maruti  and HeroMoto Corp gained the most on BSE Sensex, whereas Sun Pharma, Cipla Ltd, Adani Ports, and GAIL India fell the most on the index. 

Pharma stocks were the biggest laggards with Nifty Pharma posting sixth successive session of loss. Sun Pharma fell nearly 6 percent to its lowest since November 9 after Taro Pharmaceutical reported 25.9 percent fall in net sales for the March quarter. The stock ended 4 percent lower. 

Shares of  ITC  down 1% while Dabur down 1.2%, posting their first loss in three trading sessions.


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