Sensex, Nifty take pause on Donald Trump's impeachment; Yes Bank, Tata Steel, GTL Infra stocks dip
The BSE Sensex dipped 42 points to 41,515 levels while the Nifty-50 stock index went down 8 points to 12,213 levels. Bank Nifty went down 76 points to 32,165 levels.
The Indian stock market took a pause after hitting a lifetime high on Wednesday as the US house of Representatives passed President Donald Trump's impeachment motion. The BSE Sensex dipped 42 points to 41,515 levels while the Nifty-50 stock index went down 8 points to 12,213 levels. Bank Nifty went down 76 points to 32,165 levels.
Speaking on the current share market outlook Simi Bhaumik, a SEBI registered technical equity analyst said, "The market is overall bullish and has touched the upper range of its 11,970 to 12,250 range. The Nifty may further go up to 12,300 levels and I would advise people having positions to book profit and wait till it breaks the 12,300 levels for the next 100 to 150 points rally."
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Vodafone Idea, YES Bank, Reliance Communications and Reliance Power were among the most traded stocks in the Opening Bell while auto stocks led the bloodbath in Opening Bell trad session. Auto major Bharat Forge share price went down 1.55 per cent, Bajaj Auto and Balkrishna Industries shares went down near half a per cent. Motherson Sumi Systems stock price went down around 1.63 per cent in the intraday trade session.
Banking stocks witnessed some profit-booking as the BSE Banex went down around half a per cent in the Opening Bell. Banking major YES Bank share price crashed around 2.5 per cent in the morning trade session, shares of RBL Bank went down 1.43 per cent, IndusInd Bank shares dipped 1.31 per cent while ICICI Bank stocks went down 1.17 per cent.
Among the major Asian markets, the Japanese Nikkei 225 index shed 78 points, South Korean Kospi slipped 0.04 per cent, Hang Seng crashed 155 points while the Shanghai market went down near 6 points from its Wednesday closing.
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