Bankex Drags Indices On The Lower Side
Suparna / 31 Jul 2014
Markets witnessed another profit booking session on last day of July series expiry session. Selling in the banking sector is followed by massive selling in Capital Goods, Auto and IT counters. As a result the 50 share Nifty index closed negative by 70 points at 7721 and the Sensex ended the day at 25894, down by 192 points.
Markets witnessed another profit booking session on last day of July series expiry session. Selling in the banking sector is followed by massive selling in Capital Goods, Auto and IT counters. As a result the 50 share Nifty index closed negative by 70 points at 7721 and the Sensex ended the day at 25894, down by 192 points.
The advance-decline ratio on NSE was on the negative side as the day ended with 1746 shares in green and 1845 shares in the red zone.
Top Nifty Gainers: Cipla gained 1.85% in today’s trade, followed by Tata Steel, BPCL, Lupin and GAIL.
Top Nifty Losers: NTPC closed the day lower by 3.17%, followed by HCL Tech, IDFC, Axis Bank and Asian Paints.
Most of the sectoral indices closed on a negative note. Banking witnessed perpendicular fall by 208 points. Capital Goods and Auto also witnessed negative trade down by 100 each. While mid-caps and Small-Caps closed on the positive note.
All the major Asian markets closed the day on a mixed note. Hang Seng closed up by 24 points, whereas Nikkei index closed down by 25 points. KOSPI and Taiwan also closed in the negative territory.
Buzzer: NTPC was down by more than 3% on the bourses today and closed near the technical level of Rs 150. If the stock opens below this level, it may touch the Rs 135/120 mark in the next few sessions.
Nifty Future July expiry closed above the technical level of 7700. Indicating major support around this level for further trade.
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.