Key equity benchmarks extended losses for sixth straight trading session on Monday, dragged by selling pressure in
pharmaceuticals, auto and PSU banks stocks. Negative global cues cues spoiled investor’s sentiment. After opening higher, the Nifty 50 index reversed gains in early trade. Buying emerged at lower levels and pushed the index to fresh intraday high in morning trade. The 50-unit index traded in narrow range with modest gains for most part of the session. Sudden selling pressure in late trade dragged the index below 11200 mark.
pharmaceuticals, auto and PSU banks stocks. Negative global cues cues spoiled investor’s sentiment. After opening higher, the Nifty 50 index reversed gains in early trade. Buying emerged at lower levels and pushed the index to fresh intraday high in morning trade. The 50-unit index traded in narrow range with modest gains for most part of the session. Sudden selling pressure in late trade dragged the index below 11200 mark.
Global Markets
Indian private sector lender Yes Bank (NS:YESB) is in talks with Microsoft Corp (O:MSFT) and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.The stake sale may fetch the bank around 20 billion rupees ($281.61 million) and could help it work on its digital banking and payment system plans.
Indian private sector lender Yes Bank (NS:YESB) is in talks with Microsoft Corp (O:MSFT) and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.The stake sale may fetch the bank around 20 billion rupees ($281.61 million) and could help it work on its digital banking and payment system plans.
Nifty Chart
Nifty Support : 11070-10980, Resistance : 11200-11250
