Indices Range Bound, DLF Down By 28%
The Indian markets saw range bound trade ahead of holiday on account of general assembly elections in Maharashtra. The sectoral indices also witnessed a mixed closing after Consumer Durables closed on negative note. However Bankex closed in the positive territory, up by 93 points. The Nifty closed down by 20 points at 7864 and Sensex was down by 34 points at 26349 in the closing bell.
The advance-decline ratio on NSE was on the negative side, as the day ended with 1621 shares in green and 2037 shares in the red zone.
Top Nifty Gainers: BHEL gained 3.57% in today’s trade, followed by Bajaj Auto, Axis Bank, IndusInd Bank and Tata Power.
Top Nifty Losers: DLF closed the day lower by 28.56%, followed by BPCL, Cairn India, HCL and Tata Motors.
The sectoral indices showed a mixed trend in today’s session. IT and Consumer Durables dived, down by 83 points and 60 points respectively. Oil & Gas stocks were down by 58 points. Mid-caps and small-caps also closed on a negative note, down around 20 points each. However Bankex and Health Care closed in the positive territory.
Most of the Asian markets had a mixed session on the bourses today and ended the day in the downward territory. The Nikkei market saw down move by 365 points, while Hang Seng also closed on a negative note. However the Taiwan Index closed up by 57 points.
Buzzer: DLF was down by more than 25% on the bourses today and closed up at the technical level around Rs 110. If the stock opens below this level, it may touch Rs 97/85 mark in the next few sessions.
Nifty future majorly consolidated around 7880-7930 levels. Going ahead, these levels will act as an immediate support and resistance level.