No Trust Motion effect: Sensex and Nifty both turns negative

As soon as the No Trust Motion passed in the parliament on Wednesday at 1:37 pm, the stock market starts shaking in the negative direction with Sensex traded at the loss of 91.81 points while Nifty is down at 12.40 points.

The Sensex stands at 36,28.1 thus trading with the loss of 0.25 per cent or 91.81 points while the Nifty50 lost with 12.40 points or 0.11 per cent and stands at 11,000 mark.

The companies which lost at the stock fronts includes Tata Steel, Hindustan Unilever, Tata Motors, UPL and Hindalco.

However, in the early morning government was likely to inject upto 10,000 crore in the selected lenders but later on, 11 PSU banking stocks were traded in the red.

Dyaneshwar Padwal, AVP, Technical Analysis said, “The lower frame suggests a clear uptrend and bulls are back in action. We may expect key benchmark index Nifty to trade in a consolidation of 11,200 on higher side and 10,900 on lower side”.

The top gainers among the stock market are Asian Paints, Indiabulls housing and Oil and Natural Gas Corporation.

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