Indices Witness Perpendicular Fall, Sensex Below 25500
Suparna / 01 Aug 2014
Markets witnessed heavy selling on first day of August F&O series . All the sectoral indices closed in negative territory, while sectors like Metals, Oil & Gas, Capital Goods and Consumer Durables closed more than 200 points down. As a result, the 50 share Nifty index fell by 118 points at 7602 and the Sensex ended the day lower at 25480, down by 414 points.
Markets witnessed heavy selling on first day of August F&O series. All the sectoral indices closed in negative territory, while sectors like Metals, Oil & Gas, Capital Goods and Consumer Durables closed more than 200 points down. As a result, the 50 share Nifty index fell by 118 points at 7602 and the Sensex ended the day lower at 25480, down by 414 points.
The advance-decline ratio on NSE was on the negative side as the day ended with 1416 shares in green and 2164 shares in the red zone.
Top Nifty Gainers: Bank Of Baroda gained 2.49% in today’s trade, followed by Maruti Suzuki, UltraTech Cement, Bharti Airtel and DLF.
Top Nifty Losers: Hindalco closed the day lower by 3.86%, followed by Cipla, Reliance, Kotak Mahindra Bank and NTPC.
All the sectoral indices closed on a negative note. Capital Goods and Cunsumer Durabales witnessed perpendicular fall by 280 points each. Metals and Auto also witnessed negative trade, down by 200 points each. While Bankex, IT, mid-caps and small-caps also closed on the negative note.
All the major Asian markets closed the day on a negative note. Hang Seng closed up by 224 points, whereas Nikkei index closed down by 97 points. KOSPI and Taiwan also closed in the negative territory.
Buzzer: Hindalco was down by more than 3.8% on the bourses today and closed near the technical level of Rs 185. If the stock opens below this level, it may touch the Rs 175/160 mark in the next few sessions.
Nifty Future closed below the technical level of 7650, indicating a negative divergent for further trade.
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