Indices Tanks, INFY Down By 6%

The Indian markets continued with its profit booking trade in today’s session. All the major indices felled without any respite. The stocks of Capital Goods were the real culprits that dragged the benchmark index on the lower side. The Consumer Durables, IT and Bankex also were hammered badly, and were down around 300 points each. Mid-Caps and Small-Caps also witnessed massive fall and closed at lower ends. The Nifty witnessed fell by 93 points and closed at 8305 while Sensex closed down by 297 points and closed at 27437.

The advance-decline ratio on NSE was negative side, as the day ended with 692 shares in green and 2076 shares in the red zone.

Top Nifty Gainers: NMDC closed the day higher by 3.37%, followed by ONGC, Cairn India, Lupin and ITC.

Top Nifty Losers: Infosys closed the day lower by 5.98%, followed by Tech Mahindra, Cipla, IndusInd Bank and Yes Bank.

Most of the sectoral indices saw a range bound trade in today’s session. Capital Goods stocks saw a deep correction and were down around 440 points. Followed by Consumer Durables, Bankex and IT stocks that were hammered down by 300 points each. While Bankex, Mid-Caps and Small-Caps also closed in red territory and were down by 171 points and 300 points respectively.

The Asian markets witnessed superb recovery in today’s session. The Hang Seng market shown good up move of 233 points. Followed by Taiwan market that was up by more than 115 points. However Nikkei closed in a nominal negative and was down by 167 points.   

Buzzer: Infosys was down by more than 5.98% on the bourses today and closed below at the technical level around Rs 2000. If the stock opens below this level, it may touch Rs 1950/1920 mark in the next few sessions. 

Nifty Future continue with the selling pressure to closed below 8350 mark. Indicating more down side below this level.