Indices Flattish, Health Care Surges By 1.3%

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.

The advance-decline ratio on NSE was on the negative side, as the day ended with 1732 shares in green and 1922 shares in the red zone.

Top Nifty Gainers: Zee Entertainment gained 3.54% in today’s trade, followed by BPCL, Sun Pharma, HDFC and Bajaj Auto.

Top Nifty Losers: DLF closed the day lower by 4.71%, followed by BHEL, Power Grid, ACC and Jindal Steel.

The sectoral indices saw a mixed trend in today’s trading session. Most of the indices recovered from the lower ends. Health Care saw up-move by 190 points, followed by Consumer Durables and Oil & Gas stocks, which were up around 169 points and 121 points respectively. Mid-caps and small-caps also closed on the positive note. However Metals and Bankex continued with some profit booking trade and were down by 110 points and 82 points respectively. Capital Goods, IT and Auto also closed in red territory.

Most the Asian markets had a negative session on the bourses today and ended the day in the downward territory. The Hang Seng market saw down move by 296 points, while Straits Times and KOSPI also closed on a negative note. The Nikkei market closed down by 137 points.     

Buzzer: BPCL was up by more than 2.8% on the bourses today and closed up at the technical level around Rs 650. If the stock opens above this level, it may touch Rs 670/685 mark in the next few sessions.

The Nifty Future consolidated in the range of 7970-8030. These levels act major roll in further trade.