Indices Bleed: Sensex, Nifty recover from lower ends

The Indian markets witnessed another black Friday session after a long time. However benchmark indices took vital supports on the lower levels. From the bottom level Nifty almost recovered 161 points and Sensex by 486 points. While at the end on the trade Sensex fell by more than 600 points and ended at 26397. The Nifty ended down by 181 points to close at 8088 level. Both the indices closed down by more than 2.2 per cent each.

The advance-decline ratio was negative in the closing session. On the NSE, 698 shares closed in green, while 1829 shares ended the day in red.

Top 5 Nifty Gainers: M&M closed the day as the top gainer on the NSE. It is followed by Bajaj Auto, Bharti Infratel, Asian Paints and GAIL, which were the others which closed the day on a positive note.

Top 5 Nifty Losers: Tata Motors was the top loser, down by 7.9%, followed by Tata Motors(DVR), Tata Steel, Hindalco and Tech Mahindra.

The broader indices too witnessed a free fall. Bank Nifty was the top loser for the day, as it lost 549 points. It is followed by the Auto and Capital Goods indices which fell by 518 points and 487 points respectively. Also Oil & Gas, Metal, IT and Consumer Durables saw fall of more than 150 points each. Mid-Caps and Small-Caps ended on negative note down by 122 points and 167 points respectively.

On the Asian front, Nikkei ended the day lower by 1286 points followed by Hang Seng which closed in red down by 609 points. Taiwan and KOSPI too ended on a negative note by 199 points and 61 points respectively.

Buzzers: Most of the heavyweights crashed by more than 3% in today’s trade. L&T was down by 4.5%, followed by ONGC (-4.1%), ICICI Bank (-4.1%), HCL Technologies (-3.6%), BHEL (-3.4%), Aurobindo Pharma (-3.4%), Bank Of Baroda (-3.3%), Bouch (-3.1%), Axis Bank (-3.02%). 

The Bank Nifty hit low of 16910 and closed at 17369.

The Nifty Future closed above 8000 level which indicates good strength on lower levels.