DSIJ Mindshare

Indices Choppy, IT, Healthcare falls further

The Indian markets saw some profit booking on the higher level in the afternoon session. After the stocks in Healthcare and IT index brought some selling pressure both the indices were down around 200 points each. The Nifty is trading around the crucial support level of 8150. It is currently down by 37 points trading at 8155 and the Sensex is down by 142 points and is trading at 26937. Both the indices were seen trading lower by 0.50% percent.

On the NSE, the advance-decline ratio is negative with 1268 advances and 1359 declines.

Top Nifty Gainers: Vedanta is leading the gainer lists so far and is up by 5.7%. It is followed by Hindalco, BHEL, GAIL and Tata Motors.

Top Nifty Losers: Bank Of Baroda is leading the losers list so far and is down by 3.05%. It is followed by Infosys, sun Pharma, IDFC and Lupin.

Most of the sectoral indices are hitting a negative note. The Healthcare and IT index are the top losers, trading lower by 200 points each. It is followed by FMCG, Mid-Caps and Small-Caps indices. However Metals, Capital Goods, Auto and Bankex are trading around crucial supports, up around 50 points each.   

The Asian markets continued to trade in same as morning session. Nikkei is up by 297 points. While Hang Seng is up 272 points. The Straits Times and KOSPI too were trading with positive sentiments.

Buzzer:  Bank Of Baroda dipped by 3% as the scrip got hammered from opening trade. It showing some weakness on the current level which is Rs 176. If it closes below Rs 175 level it may see more downside.

Today,the Nifty Futures is trading in a very wide range. It took good support at 8150 level and major hurdle stands at 8200 level for further trading session.

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