Sensex, Nifty Range Bound, Close On Positive Note

The Indian markets witnessed range bound trade in today’s session. Mid-Caps and Small-Caps provided support to the indices. However Capital Goods saw some profit booking trade. The Nifty saw up-move by 20 points at 7684 and Sensex was up by 73 points at 25715 in closing bell.

The advance-decline ratio on NSE was positive, as the day ended with 2028 shares in green and 1569 shares in the red zone.

Top Nifty Gainers: IndusInd Bank gained 3.21% in today’s trade, followed by HDFC Bank, Asian Paints, Reliance and Grasim.

Top Nifty Losers: DLF closed the day lower by 2.81%, followed by IDFC, Tata Power, GAIL and Infosys.

Most of the sectoral indices closed on a mixed note. Mid-Caps and Small-Caps were the outperformer of the day, up 50 points and 88 points respectively. FMCG, Health Care and Consumer Durables stocks also witnessed good up moves in today’s trading session. However Capital Goods, Metals and IT closed in negative territory.

All the major Asian markets had a negative session on the bourses today and ended the day in the downward territory. The Nikkei market witnessed down move by 154 points, the Hang Seng market closed down by 67 points, while Shanghai Composite and KOSPI closed on the negative side.   

Buzzer: IndusInd Bank was up by more than 3.2% on the bourses today and closed up at the technical level of Rs 550. If the stock opens above this level, it may touch Rs 565/575 mark in the next few sessions.

Nifty future sustained 7600 level on the closing basis, indicating more up moves.