Nifty struggles to break 8800 mark
The NSE 50 and BSE 30 shares witnessed a vital support on the lower level in September 15, 2016's session. Banking and Consumer Durables have continued with profit booking and ended negative by 123 points and 133 points respectively. The Nifty ended up by 16 points at 8742 and Sensex closed 40 points higher at 28412. The indices ended higher around 0.14-0.18 per cent each.
At closing, the market breadth was positive. On the NSE, 26 shares closed in the green and 24 shares ended the day in red.
In today’s trading session, apart from Healthcare and FMCG sector the entire sectoral indices closed on the red mark. Banks and Consumer Durables were top losers, closing up more than 100 points each. While Metals, Oil & Gas and Auto also closed on a nominally negative note.
The Asian markets also were quoting in mixed. Japan’s Nikkei closed in the negative by 209 points. Hong Kong’s Hang-Seng was up by 144 points, while KOSPI closed on the positive mark.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty future closed at vital support of 8750, if it opens below 8800 level it may see more recovery.
