Choppy Indices ends On Flat Note
Suparna / 10 Jun 2014
The Indian markets closed today’s trading session on a flat note as investors turned cautious and booked profit on the higher side. Nifty closed up by a mere 1 point at 7656 and Sensex ended the day higher by 3 points at 25583. Market breadth remained positive as the day ended with 2092 shares in green and 1491 shares in the red zone.
The Indian markets witnessed some directionless trade on today’s trading session. Most of the sectoral indices saw profit booking on the higher side. On the other hand Consumer Durables, Health Care and IT provided some support to the indices. As a result the Nifty ended up by 1 point at 7656 and Sensex closed up by 3 points at 25583.
The advance-decline ratio on NSE was on the positive side as the day ended with 2092 shares in green and 1491 shares in the red zone.
Top Nifty Gainers: Infosys gained 2.97% in today’s trade, followed by Cipla, Wipro, Cairn India and Tech Mahindra.
Top Nifty Losers: DLF closed the day lower by 3.3%, followed by Grasim, Ambuja Cement Tata Steel and ONGC.
All of the sectoral indices closed on a mixed note. Capital Goods and Bankex witnessed some profit booking trade by 148 points and 135 points respectively. Metals, Oil & Gas and Mid-Caps saw down move around 100 points each. However, Consumer Durables, Health Care and IT saw some up move around 200 points.
All the major Asian markets closed the day on a positive note. Hang Seng closed up by 198 points, whereas Taiwan Index closed up by 59 points. KOSPI and Shanghai Composite closed in the positive territory. However, Nikkei closed down by 129 points.
Buzzer: Tech Mahindra was up by more than 2.4% on the bourses today and closed near the technical level of Rs 2000. If the stock opens above this level, it may touch the Rs 2025/2040 mark in the next few sessions.
Nifty Future closed around 7675 level indicating some strength for near term prospective.
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