Dalal Street's Top Stories at Midday.12.00 PM, 28th August 2019:(Nifty 11,061, Down 47 points): Benchmark indices are trading lower, dragged down by metal stocks

• Immediate hurdle near 11201 zones. Any decisive break above 11201 can push index towards 11350-11400 zone. Downside support for nifty is seen at 10900. Only a breach of 10800 will invite caution.

• Going ahead, the market participants would keep a close watch on currency movement and upcoming Q1FY20 GDP data.

• Asian stocks were mixed, as deeper worries about the global economy kept a lid on sentiment.

• US stocks slipped, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised US recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.

• Oil prices rose, with U.S. crude gaining 1% after an industry report showed stockpiles in the United States, the world's biggest oil user, fell more than expected, easing worries about economic growth due to the China-U.S. trade war.

• Barring IT,Media and Realty rest all the sectoral indices are in red, with maximum pain visible in metal stocks .

• The market breadth, indicating the overall health of the market is Negative.

• NSE Advances: 17. NSE declines: 32.

• The NSE Mid-Cap index is Down 0.48 % at 4,281. The NSE Small-Cap index is Up 0.07% at 5,466.

• INDIA VIX index representing volatility is Up 16.05: (+0.54%)

• On the Positive side: TECHM at 687.25 (+1.61%), HCLTECH at 1110.15 (+1.56%), and BRITANNIA at 2727.70 (+1.56%) are in green,

• On the flip side: YES BANK at 61.35 (-4.88%), IBULHSGFIN at 458.30 (-2.80%) and JSWSTEEL at 208.05 (-2.51%).

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal