Indices Witness Perpendicular Fall, Sensex Below 25500
Markets witnessed heavy selling on first day of August F&O series. All the sectoral indices closed in negative territory, while sectors like Metals, Oil & Gas, Capital Goods and Consumer Durables closed more than 200 points down. As a result, the 50 share Nifty index fell by 118 points at 7602 and the Sensex ended the day lower at 25480, down by 414 points.
The advance-decline ratio on NSE was on the negative side as the day ended with 1416 shares in green and 2164 shares in the red zone.
Top Nifty Gainers: Bank Of Baroda gained 2.49% in today’s trade, followed by Maruti Suzuki, UltraTech Cement, Bharti Airtel and DLF.
Top Nifty Losers: Hindalco closed the day lower by 3.86%, followed by Cipla, Reliance, Kotak Mahindra Bank and NTPC.
All the sectoral indices closed on a negative note. Capital Goods and Cunsumer Durabales witnessed perpendicular fall by 280 points each. Metals and Auto also witnessed negative trade, down by 200 points each. While Bankex, IT, mid-caps and small-caps also closed on the negative note.
All the major Asian markets closed the day on a negative note. Hang Seng closed up by 224 points, whereas Nikkei index closed down by 97 points. KOSPI and Taiwan also closed in the negative territory.
Buzzer: Hindalco was down by more than 3.8% on the bourses today and closed near the technical level of Rs 185. If the stock opens below this level, it may touch the Rs 175/160 mark in the next few sessions.
Nifty Future closed below the technical level of 7650, indicating a negative divergent for further trade.