Oct 1 2014 6:08PM | Wednesday | By Abhijeet Gosavi
The Indian markets remained in stress ahead of long weekend. Apart from IT all other sectoral indices closed in the red mark. The indices like Oil & Gas and Capital Goods were hammered more than 100 points. While Mid-Caps and Small-Caps also closed in negative note. The Nifty closed down by 19 points at 7945 and Sensex was down by 62 points at 26567 at closing bell.
Oct 1 2014 11:51AM | Wednesday | By DSIJ Team
The benchmark indices Sensex and Nifty were seen trading in a negative zone due to profit booking in the early morning trade. Besides, the investors are really cautious due to the ongoing political unrest in the global market. The markets are trading flat ahead of five day holiday in the market due to which the traders and investors are covering their position. The 30-share Sensex was trading down by 33 points at 26604 and 50-share Nifty was down by 13 points at 7951.
Today, the last trading session of the week ahead of long vacation. A SGX Nifty Index future is trading at flat with decline by 0.20% to 7972.5. Auto stocks will remain in focus as top automakers will report their sales data for September. We expect Nifty may trade in a range bound after flat opening for Indian equities today.
The Indian market today surrendered most of its early gains and closed flat. Selling was seen in interest sensitive stocks such as banking and realty stocks, after the RBI kept interest rates unchanged in its fourth bi-monthly monetary policy statement today. In our last write up we specified that range between 8028 and 8040 will act as a resistance for nifty index and what we mentioned was in line with our expectation. Nifty is moving in narrow channel of 250-300 points from last couple of weeks, from 7840 on lower side to about 8170-8180 on upside.
Sep 30 2014 5:43PM | Tuesday | By Abhijeet Gosavi
The Indian markets witnessed a choppy trade after the RBI announcement. The sectors like Health Care, Consumer Durables and Oil & Gas were the outperformers of the day. However Bankex, Metals, Capital Goods and Auto saw some directionless movement and closed in the negative territory. The Nifty closed nominally up by 5 points at 7964 and Sensex was up by 33 points at 26630 in the closing bell.