Choppy Indices Close On A Negative Note
After a handsome recovery, the Indian markets again witnessed profit booking session in today’s trade. All the sectoral indices closed in the negative territory. Auto and Metal stocks saw perpendicular fall, down more than 450 points. However IT provided some support, up by 240 points. The Nifty closed down by 100 points at 7859 and Sensex was down by 339 points at 26297 in the closing bell.
The advance-decline ratio on NSE was on the negative side, as the day ended with 1355 shares in green and 2296 shares in the red zone.
Top Nifty Gainers: Infosys gained 6.63% in today’s trade, followed by HCL Tech, Asian Paints, BHEL and Sun Pharma.
Top Nifty Losers: Jindal Steel closed the day lower by 5.91%, followed by Tata Motors, NMDC, Hindalco and Sesa Sterlite.
Most sectoral indices were negative in today’s session. Auto and Metal stocks were hammered, down more than by 450 points. Bankex and Capital Goods stocks were down by 320 points and 210 points respectively. Mid-caps and small-caps closed on a negative note, down around 150 points each. However, only IT managed to close in the positive territory, up by 239 points.
Most of 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 445 points, while Strait Times and Shanghai Composite also closed on a negative note. The Nikkei market closed down by 178 points.
Buzzer: Infosys was up by more than 6.5% on the bourses today and closed up at the technical level around Rs 3880. If the stock opens above this level, it may touch Rs 3930/3955 mark in the next few sessions.
Nifty future closed below 7900 mark. Going ahead, the levels of 7860 and 7830 will be the crucial supports.