Nifty Plunged On F&O Expiry

The Indian markets continue with their profit booking trade. Auto and Metals Index were down by 194 points and 159 points respectively. While IT and Capital Goods also closed in negative territory. However Bankex, Healthcare and Oil & Gas struggled to pull the benchmark on higher side, and closed on nominally upward. The Nifty index continued with the downward momentum also in F&O April expiry session, and closed 58 points down from yesterday’s closing at 8181 while Sensex was down by 214 points and closed at 27011.

The advance-decline ratio on NSE was on a negative side, as the day ended with 1299 shares in green and 1398 shares in the red zone.

Top Nifty Gainers: Axis Bank closed the day higher by 3.27%, followed by BHEL, Lupin, Reliance and Vedanta.

Top Nifty Losers: Idea Cellular closed the day lower by 3.61%, followed by ACC, Zee Entertainment, HDFC and Tata Steel.

The sectoral indices closed in the mixed note in today’s session. Auto and Metals stocks tanked around points 194 points and 159 points respectively. Followed by Capital Goods, FMCG and IT stocks that were down by more around 50 points each. However Bankex, Healthcare and Oil& Gas closed in green territory.

The Asian markets witnessed downward move in today’s session. The Nikkei was down by 538 points in today’s trade. The Hang Seng, Taiwan and Strait time markets too closed on negative mark.  

Buzzer: Axis Bank was up by more than 3.27% on the bourses today and closed above at the technical level around Rs 560. If the stock opens above this level, it may touch Rs 575/580 mark in the next few sessions. 

Nifty Future closed below the crucial support which was at 8200. If continues below this level we may see more downward level.