Indices Jerky, Ends On Negative Note.
The Indian markets witnessed a wide fluctuations on the both sides in today’s trade. Most of the sectoral indices saw a deep cut around the closing buzz & dragged the market on the lower side. Consumer Durables and Metals stocks tanked by 240 points and 198 points respectively. Mid-Caps and Small-Caps too were hammered by 150 points each. Only IT and FMCG sectors managed to hold their gains and were up by 236 points and 48 points respectively. The Nifty closed down by 12 points at 8711 and the Sensex ended the day at 28850, down by 32 points.
The advance-decline ratio on NSE was on the negative side as the day ended with 1037 shares in green and 1870 shares in the red zone.
Top Nifty Gainers: BPCL gained 4.02% in today’s trade, followed by HCL Tech, Wipro, Infosys and TCS.
Top Nifty Losers: Tata Power closed the day lower by 7.55%, followed by Jindal Steel, Sesa Sterlite, Bank Of Baroda and ONGC.
Most of the sectoral indices closed on a negative note. Consumer Durables and Metals stocks saw heavy amount of selling pressure and were down by 240 points and 198 points respectively. This was followed by, Auto, Healthcare, Mid-Caps and Small-Caps index. Bankex and Capital Goods too closed in negative territory and were down by more than 100 points. However IT and FMCG index saw a good up moves by 236 points and 48 points respectively.
Major Asian markets closed the day on a negative note. Nikkei was down by 174 points. While Shanghai Composite and Straits Times closed in the negative territory, down by 37 points and 10 points respectively. While hang Seng closed in the positive note in today’s session, up by 85 points.
Buzzer: Wipro was up by more than 3.08% on the bourses today and closed near the technical level of Rs 635. If the stock opens above this level, it may touch the Rs 650/660 mark in the next few sessions.
Nifty Future was trade in the wide range in today’s session. It has given bullish crossover around 8800, but on the other hand nifty future closed below 8750 mark. Indicating that index may continue with the volatile sessions.