Indices Witness Directionless Move On The First Voting Day
Suparna / 07 Apr 2014
Indian markets closed the first day of the week on a flat note and the country also witnessed the first phase of polling today. Nifty closed flat positive by 0.70 points at 6695 and Sensex was lower by 16 points at 22343 points.
The Indian markets profit booking trade continued throughout the mid-session. After that Indices witnessed some directionless movement to close on a flattish note. The Nifty closed positive by by 0.70 points at 6695 and Sensex was 16 points lower at 22343.
The advance-decline ratio on NSE was on the positive side as the day ended with 1785 shares in green and 1631 shares in the red zone.
Top Nifty Gainers: Ultra Tech Cement gained 3.5% in today’s trade, followed by Ambuja Cement, Sun Pharma, NMDC and Sesa Sterlite.
Top Nifty Losers: Jindal Steel closed the day lower by 6.03%, followed by BHEL, DLF, IDFC and Cipla.
Most of the sectoral indices closed on a mixed note. Bankex and Consumer Durables witnessed profit booking of more than 50 points. Health Care, IT and Auto also saw some negative trend, around 30 and 10 points respectively. Mid-Caps and Small-Caps witnessed a flattish trade. Metals and FMCG were closed in the positive territory.
All the major Asian markets closed the day on a negative note. Nikkei closed down by 254 points, whereas Hang Seng closed down by 132 points. Shanghai Composite and Kospi also closed in the negative territory.
Buzzer: Jindal Steel was down by more than 6.03% on the bourses today and closed near the technical level of Rs 300. If the stock opens below this level, it may touch the Rs 275/268 mark in the next few sessions.
Nifty Future closed above the technical level of 6700. Immediate supports level for tomorrow’s trading sessions are 6680/6650.
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