Indices Witness Small Profit Booking
The Indian markets witnessed a small profit booking session after massive rally in the last couple of days. However Health Care sectors saw a bullish move in today’s session, up by 369 points. On the other hand Oil & Gas, Auto, Metals and Bankex ended on a negative note. At the closing buzz, Nifty index was down by 22 points at 7875 and the Sensex ended the day lower at 26314, down by 106 points.
The advance-decline ratio on NSE was on the positive side as the day ended with 1959 shares in green and 1646 shares in the red zone.
Top Nifty Gainers: Sun Pharma gained 4.94% in today’s trade, followed by Cipla, Lupin, Tata Power and Kotak Mahindra Bank.
Top Nifty Losers: ONGC closed the day lower by 2.80%, followed by IDFC, Tata Motors, GAIL and M&M.
Most of the sectoral indices closed on a negative note. Oil & Gas and Auto closed on the negative note, down by 147 points and 94 points respectively. Bankex, Capital Goods and FMCG also witnessed down trade of more than 50 points. However Health Care and IT closed in the positive territory.
All the major Asian markets closed the day on a positive note. Hang Seng closed up by 36 points, whereas Nikkei index closed up by 4 points. Taiwan and KOSPI closed in the positive territory.
Buzzer: Sun Pharma was up by more than 4.5% on the bourses today and closed near the technical level of Rs 845. If the stock opens above this level, it may touch the Rs 860/875 mark in the next few sessions.
Nifty Future closed below the technical level of 7900. Going ahead, the levels of 7860/7835 will be the immediate vital support level.