Sensex, Nifty Range Bound
Suparna / 14 Jul 2014
The indices had a range bound session today, as the markets witnessed some stable movement after Auto, Capital Goods and Metals provided good support. The Nifty index saw nominal down trade by 5 points at 7454 and Sensex closed down by 17 points at 25004
The Indian markets remained range bound till the closing trading session. The markets witnessed some stable movement after Auto, Capital Goods and Metals provided good support. The Nifty index saw nominal down trade by 5 points at 7454 and Sensex closed down by 17 points at 25004.
The advance-decline ratio on NSE was negative, as the day ended with 2104 shares in green and 1467 shares in the red zone.
Top Nifty Gainers: Hindalco gained 3.99% in today’s trade, followed by Asian Paints, PNB, Tata Power and Tata Steel.
Top Nifty Losers: HCL Tech closed the day lower by 3.49%, followed by Infosys, HUL, Wipro and ACC.
All the sectoral indices closed on the positive note. Capital Goods, Auto and Metals stocks rallied in today’s trading session, up by 150 points each. However Consumer Durables, IT and Health Care saw down trade by 100 points each. While mid-caps and small-caps also closed in the negative territory.
All the major Asian markets closed on the positive note in today’s session. The Nikkei market closed up by 132 points, while Hang Seng witnessed up move by 113 points. KOSPI and Taiwan also closed on the higher ends.
Buzzer: Hindalco was up by more than 3.99% on the bourses today and closed above the technical level of Rs 170. If the stock opens above this level, it may touch the Rs 175/180 mark in the next few sessions.
Nifty future closed below the technical level of 7500, which is a negative indicator for further trading sessions.
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