Market Close At Lower Ends. Bankex and Metals Fall
Suparna / 15 Apr 2014
Due to a heavy sell-off in most of the sectors, Indian markets today closed in the negative zone. At the closing bell the 30 share Nifty index closed down by 43 points at 6733 and the BSE30 ended lower by 144 points to trade at 22484. Bankex and Metal had a perpendicular fall of more than 250 points each.
The Indian markets witnessed profit booking trade till closing-session today. Indices saw some disappointment on WPI number which came at 3 month high at 5.7%. As a result the Nifty remain in the stress and closed down by 43 points at 6733 and Sensex was 144 points lower at 22484.
The advance-decline ratio on NSE was on the negative side as the day ended with 1578 shares in green and 1822 shares in the red zone.
Top Nifty Gainers: United Spirits gained 11.6% in today’s trade, followed by TCS, Wipro, Hero Motocorp and HCL Tech.
Top Nifty Losers: DLF closed the day lower by 5.79%, followed by Hindalco, Jindal Steel, HDFC and Axis Bank.
Most of the sectoral indices closed on a negative note. Bankex and Metals witnessed perpendicular fall by 300 points and 260 points respectively. Auto, Mid-Caps and Small-Caps witnessed negative trade. However IT and FMCG saw some buying and closed on positive note.
All the major Asian markets closed the day on a positive note. Nikkei closed up by 86 points, whereas Taiwan Index and Straits Times closed up by around 40 points. Hang Seng, Shanghai Composite and Kospi also closed in the negative territory.
Buzzer: DLF was down by more than 5.7% on the bourses today and closed near the technical level of Rs 165. If the stock opens below this level, it may touch the Rs 155/150 mark in the next few sessions.
Nifty Future took a major support around 6750/6730 levels. If it opens below these levels may see more profit booking trade.
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