DSIJ Mindshare

Choppy Indices End On Negative Note

In today’s session, the Indian markets witnessed choppy action but ends on a negative mark. FMCG and Auto Index were down by 100 points each. While Metals and Oil & Gas also closed in negative territory. However Bankex, Healthcare and Small-Caps struggled to pull the benchmark on higher side. The Nifty continued with its downward momentum and was down by 45 points in today’s trade and closed at 8239 while Sensex was down by 170 points and closed at 27225.

The advance-decline ratio on NSE was on a positive side, as the day ended with 1527 shares in green and 1181 shares in the red zone.

Top Nifty Gainers: Ambuja Cement closed the day higher by 3.36%, followed by Axis Bank, GAIL, HCL Tech and Wipro.

Top Nifty Losers: Idea Cellular closed the day lower by 5.37%, followed by Bharti Airtel, ITC, Vedanta, and HDFC.

The sectoral indices closed in a mixed note in today’s session. FMCG and Auto stocks tanked around points 100 points. Followed by Metals and Oil & Gas stocks that were down by more around 40 points each. However Consumer Durables, Capital Goods, Bankex and Small-Caps closed in green territory.

The Asian markets witnessed downward move in today’s session. The Hang Seng market was down by 42 points. Taiwan and Strait time were down by 103 points and 7 points respectively. However the Nikkei market closed in a nominal positive and was up by 75 points.

Buzzer: Idea Cellular was down by more than 5.37% on the bourses today and closed below at the technical level around Rs 185. If the stock opens below this level, it may touch Rs 175/160 mark in the next few sessions.

Nifty Future choppy ahead of April month expiry session. Going ahead, 8180 level will be the vital support, on the other hand 8320 will be the major resistance level.

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