Dalal Street Investment Journal

Sensex, Nifty Witness Profit Booking On Higher Side

After a massive buying from last couple of sessions, Indian markets witnessed profit booking session ahead of early F&O expiry. The major fall was seen in Capital Goods and Metal segments which dived more than 200 points. Bankex and Consumer Durables were also down around 140 points each. The Nifty index slid below 8300 mark, down by 57 points whereas Sensex was 195 points down at 27506 in today’s closing buzz.

The advance-decline ratio on NSE was on the negative side as the day ended with 1059 shares in green and 1865 shares in the red zone.

Top Nifty Gainers: NTPC gained 2.84% in today’s trade, followed by Cipla, Bharti Airtel, Bajaj Auto and Power Grid.

Top Nifty Losers: Tata Power closed the day lower by 3.33%, followed by HCL Tech, Sesa Sterlite, Tata Steel and HDFC.

All the sectoral indices closed on a negative note. Capital Goods and Metals stocks dived in today’s session, down by more than 200 points. Bankex and Consumer Durables also closed in the negative territory, down around 140 points each. Oil & Gas, Auto, Mid-caps and Small-caps also closed in the negative territory. FMCG closed in green mark, nominally up by 6 points.

All the major Asian markets closed the day on a negative note. The Hang Seng index witnessed negative closing by 74 points, while KOSPI and Shanghai Composite Index closed in the red territory.

Buzzer: Tata power was down by more than 3% on the bourses today and closed near the technical level of Rs 83. If the stock opens below this level, it may touch the Rs 75/70 mark in the next few sessions.