Indices bleed: Auto, Banks fall
By Abhijeet Gosavi |
9/12/2016 5:24 PM Monday
The Indian markets nosedived on September 12, 2016 without a single sign of recovery till the closing session. The indices like Auto, Banks, Capital Goods and Metals dived around 2.5 per cent each. The Sensex fell by 443 points and ended at 28353. The Nifty ended down by 151 points to close at 8715 level. Both the indices closed down by more than 1.5 per cent each.
The advance-decline ratio was negative in the closing session. On the NSE, 5 shares closed in green, while 46 shares ended the day in red.
Top 5 Nifty Gainers: Infosys closed the day as the top gainer on the NSE, and managed to close in green on a flat note with a gain of 1.8%. It is followed by Tech Mahindra, Wipro, TCS and Reliance, which were the others that closed the day on a positive note.
Top 5 Nifty Losers: Hindalco was the top loser, down by 8.8%, followed by Yes Bank, Tata Steel, Bank of Baroda and Ambuja Cements.
In today’s trading session, apart from IT sector all the sectoral indices closed on the red mark. Auto, Bankex and Capital Goods were top losers, and closed down by more than 500 points each. While Metal, Healthcare, Mid-caps and Small-Caps also closed on a negative note down by 300 points each. However IT index closed nominally positive by 89 points.
The Asian markets also were quoting in negative. Japan’s Nikkei closed in the negative by 292 points. Hong Kong’s Hang-Seng was down by 809 points, while Taiwan and KOSPI closed on the negative mark.
European markets were also trading in negative scenario.
Nifty future closed at vital support of 8750, if it opens below 8700 level, it may see more down fall.
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