Bears Take Some Charge, Nifty Below 6700 Mark.
Suparna / 16 Apr 2014
The results of the inflation data have continued to show their effects on the markets today, as most of the heavyweight indices lost on the bourses. As a result Nifty remained in the stress and closed down by 57 points at 6675 and the Sensex closed lower by 207 points to trade at 22277.
The Indian markets extended its profit booking trade till the closing-session. Indices saw no swing of recover in today’s trading session. The main culprits are Capital Goods, IT and Auto. As a result the Nifty remained in the stress and closed down by 57 points at 6675 and Sensex was 207 points lower at 22277.
The advance-decline ratio on NSE was on the negative side as the day ended with 1341 shares in green and 2036 shares in the red zone.
Top Nifty Gainers: ITC gained 1.5% in today’s trade, followed by Tata Steel, Lupin, Hindalco and InduInd Bank.
Top Nifty Losers: DLF closed the day lower by 4.85%, followed by BHEL, Tata Power, Infosys and LT.
Most of the sectoral indices closed on a negative note. IT and Capital Goods witnessed nosedive move by 300 points and 224 points respectively. Mid-Caps and Small-Caps witnessed some negative trade down by 80 points each. Auto, Bankex, Health Care and Oil & Gas also saw a selling pressure and were down more around 50 points each. Only FMCG and Metals were closed on positive note.
All the major Asian markets closed the day on a positive note. Nikkei closed up by 420 points, whereas Taiwan Index closed up by 7 points. Hang Seng and Shanghai Composite also closed in the positive territory.
Buzzer: Tata Power was down by more than 3.54% on the bourses today and closed near the technical level of Rs 80. If the stock opens below this level, it may touch the Rs 75/72 mark in the next few sessions
Nifty Future closed below the technical level of 6700, which is the negative indicator for further move.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.