DSIJ Mindshare

Nifty Ends On Positive Mark

The Indian markets witnessed massive volatility in today’s trading session. The nifty saw a deep cut after banking majors like IndusInd Bank, Yes Bank, ICICI Bank and Bank of Baroda were hammered badly. However the Metals and Capital Goods stocks pulled the index on the higher side, up by 393 points and 232 points respectively. The Nifty saw superb recovery to close in the green territory, up by 26 points at 8895 while Sensex was up by 142 points at 29462 at the closing bell.

The advance-decline ratio on NSE was a negative side, as the day ended with 1379 shares in green and 1511 shares in the red zone.

Top Nifty Gainers: Jindal Steel closed the day higher by 25.75 per cent, followed by Sesa Sterlite, Hindalco, Tata Power and L&T.

Top Nifty Losers: Bank Of Baroda closed the day lower by 2.54 per cent, followed by ACC, Tech Mahindra, Grasim and Ambuja Cement.

Most of the sectoral indices were positive in today’s session. Metals and Capital Goods stocks pull the indices on the higher side, up by 393 points and 232 points respectively. While IT, Mid-Caps and Small-Caps stocks also were ended on positive note. However Banking stocks saw deep cut, down by 131 points. Followed by FMCG and Healthcare, index saw some profit booking closed down by 77 points and 12 points respectively.

Most of the Asian markets were closed in today’s trade, only the Nikkei market saw up move by 65 points.

Buzzer: Jindal Steel was up by more than 25 per cent on the bourses today and closed up at the technical level around Rs 195. If the stock opens above this level, it may touch Rs 205/210 mark in the next few sessions.

Nifty Futures hold the technical level of 8900, indicating vital supports at lower levels. 

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