Indices Choppy, Capital Goods Dives

The Indian markets witnessed choppy session after seeing some profit booking at the higher end. Capital Goods stocks saw some disappointment in today’s trade and were down by 251 points. This was followed by Auto and Metals index that were deep around 150 points each. However the Nifty managed to hold their gains and closed in green zone up by 3 points at 8914 while Sensex was down by 11 points at 29559 at the closing bell.

The advance-decline ratio on NSE was negative side, as the day ended with 1127 shares in green and 1747 shares in the red zone.

Top Nifty Gainers: DLF closed the day higher by 3.26%, followed by HCL Tech, Asia Paints, HDFC and BPCL.

Top Nifty Losers: Bharti Airtel closed the day lower by 5.23%, followed by Sesa Stelite, Kotak Mahindra, Tata Motors and L&T.

The sectoral indices were mixed in today’s session. Capital Goods stocks witnessed major amount of profit booking in today’s trade and was down by 251 points. Followed by Auto and Metals indices also were dives around 150 points each. While Banking and Small-Caps stocks closed in negative territory down by 72 points and 55 points respectively. However, Consumer Durables and Oil & Gas stocks witnessed a positive trade and closed in green mark, up by 474 points and 147 points respectively.

All the Asian markets also closed in green in today’s trade. The Hang Seng market saw up move by 327 points. This was followed by Nikkei and Taiwan index that closed up by 182 points and 101 points respectively. While the Straits Time and Shanghai market closed on the positive note.

Buzzer: Bharti Airtel was down by more than 5% on the bourses today and closed down at the technical level around Rs 375. If the stock opens below this level, it may touch Rs 355/340 mark in the next few sessions.

Though Nifty future managed to closed above 8900 mark, on the other hand it’s could not broke the technical level of 9000. Going ahead 8860/8830 level will be the vital support levels.