Indices Ends On Negative Note , FMCG Dives

The Indian markets witnessed some sideways movement in today’s trade. FMCG index saw a deep cut down by 146 points. While Metals and Oil & Gas indices too closed in the red mark, down around 50 points each. However, Capital Goods and IT Indices provided some support to the market and were up by more than 100 points each. The Nifty closed down by 11 points at 8797 and the Sensex ended the day at 29122, down by 60 points.

The advance-decline ratio on NSE was on the positive side as the day ended with 1627 shares in green and 1286 shares in the red zone.

Top Nifty Gainers: HCL Tech gained 5.5% in today’s trade, followed by Axis Bank, Hindalco, Wipro and IDFC.

Top Nifty Losers: Asian Paints closed the day lower by 5.79%, followed by Bharti Airtel, Dr Reddys labs, Bank Of Baroda and HUL.

Most the sectoral indices closed on a positive note. Capital Goods stocks were outperformer of the day, up by 213 points. Followed by, Consumer Durables, IT index up by more than 100 points. While Mid-Cap and Small-Caps also closed in positive territory, up by 60 points and 127 points respectively. FMCG index saw a deep cut down by 146 points. While Metals and Oil & Gas were shown downward move around 50 points each. 

Major Asian markets closed the day on a mixed note. Nikkei was down by 116 points. Hang Seng and Shanghai Composite too closed in the negative territory, down by 22 points and 81 points respectively. While Taiwan and Straits Time closed in the positive note in today’s session.

Buzzer: HCL Tech was up more than 5.5% on the bourses today and closed near the technical level of Rs 1900. If the stock opens above this level, it may touch the Rs 1925/1940 mark in the next few sessions.

Nifty Future consolidates in the small range around 8810-8850 levels. On the lower level 8770 will the vital support and at the higher end 8880 level will be the major hurdle.