Markets Jerky, Sensex Ends Below 27000
The Indian markets witnessed choppy trade in today’s trade. Indices recovered around mid-session. However Metals and Bankex dragged index on the lower side, down by 149 points and 136 points respectively. As a result the Nifty ends down by 25 points at 8102 and Sensex was down by 78 points at 26909 in the closing bell.
The advance-decline ratio on NSE was on the negative side, as the day ended with 1353 shares in green and 1506 shares in the red zone.
Top Nifty Gainers: HUL closed the day higher by 3.51%, followed by NTPC, Reliance, Asian Paints and Kotak Mahindra Bank.
Top Nifty Losers: Hindalco closed the day lower by 2.93%, followed by NMDC, BHEL, ICICI Bank and GAIL.
Most of the sectoral indices were negative in today’s session. Metal and Banking stocks continued with the profit booking trade, down by 149 points and 136 points respectively. IT, Healthcare and Auto stocks also closed in negative territory. However Oil & Gas and Consumer Durable stocks provided some support, up by 132 points and 25 points respectively. Mid-Caps and Small-Caps closed on a flat note.
The Asian markets also had a positive session on the bourses today. The Hang Seng market saw handsome up move by 195 points, while Nikkei also closed nominally up by 2 points. Taiwan, Shanghai Composite and KOSPI Index closed in the red territory.
Buzzer: Hindalco was down by more than 2.93% on the bourses today and closed down at the technical level around Rs 150. If the stock opens below this level, it may touch Rs 140/120 mark in the next few sessions.
Nifty future continued to wilt under massive amount of selling as it closed below 8160 mark. Going ahead, 8055 and 8010 will be the crucial support levels.