Markets remain choppy, end lower

The Indian markets have been witnessing choppy trades for two consecutive days. Today, after indices like Consumer Durables and Metals remained in stress, the Nifty ended down by 6 points at 8693 and Sensex was down 52 points at 28077. The indices ended the day lower by 0.07-0.19 per cent respectively.

The advance-decline ratio ended on the positive side. On the NSE, 27 shares closed in green, while 24 shares were in the red.

Majority of the sectoral indices closed in the positive in today’s session. IT and Bankex were the top gainers, up by 71 points and 42 points respectively. While Mid-Caps and Small-Caps were up by around 42 points and 13 points respectively. Healthcare, FMCG and Auto also closed in positive territory. However Consumer Durables and Metals closed in negative territory.   

In the Asian markets, the Nikkei closed down by 50 points. The Hang Seng index ended up by 69 points. While the Taiwan and KOSPI also ended on a negative note.

European markets were also trading in mixed scenario.

Derivative Analysis

Nifty future closed at 8700. Going ahead 8640/8600 will be the vital supports.