INDIAN EQUITY MARKET OUTLOOK - 15 Sep 2017

Sensex, Nifty continue to fall. Asia mixed amid North Korea fears

Equity benchmarks started off last day of the week on a negative note, tracking weakness in Asia post North Korea launched a missile that flew over Japan.

The 30-share BSE Sensex was down 28.52 points at 32,213.41 and the 50-share NSE Nifty fell 13.70 points to 10,072.90.

Tata Steel, Vedanta, Sun Pharma, Lupin and Indiabulls Housing were under pressure. BHEL gave up yesterday's gains, down nearly 3 percent.

In broader space, Indiabulls Venturs, Sunil Hitech, Max Financial, SpiceJet, Bombay Dyeing, Liberty Shoes, Container Corporation, Avenue Supermarts and Future Retail rallied up to 6 percent.

Shares of Vedanta slipped further today, on top of 2 percent correction in previous session after Odisha pollution board asked company to shut down plant.

The Odisha State Pollution Control Board (OSPCB) in Jharsuguda has ordered temporary shut-down of its five units following a breach in its ash pond dyke wall in August.

Shares of Max Financial Services gained around five percent in early trade today on the back of a block deal.

Around 74 lakh shares of the company were traded in five blocks on the BSE at an average price of Rs 602 per share.

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