Indices Range Bound, Small-Cap Surges
Suparna / 05 Sep 2014
The market witnessed range bound trade in today’s session. Capital Goods and small-cap stocks saw some positive action. However Auto, Bankex and FMCG losed in the red mark. The Nifty index saw down moves by 9 points at 8085 and Sensex closed negative by 59 points at 27026 at the end of today’s trade.
The market witnessed range bound trade in today’s session. Capital Goods and small-cap stocks saw some positive action. However Auto, Bankex and FMCG losed in the red mark. The Nifty index saw down moves by 9 points at 8085 and Sensex closed negative by 59 points at 27026 at the end of today’s trade.
The advance-decline ratio on NSE was positive, as the day ended with 2029 shares in green and 1594 shares in the red zone.
Top Nifty Gainers: NMDC gained 5.27% in today’s trade, followed by DLF, Jindal Steel, Asian Paints and Kotak Mahindra.
Top Nifty Losers: United Spirits closed the day lower by 4.5%, followed by HDFC, Coal India, Hero Motocorp and BHEL.
Most of the sectoral indices closed on a positive note. Capital Goods and small-cap stocks witnessed good amount of buying in today’s trading session, up more than by 130 points each, followed IT, Metals and Oil & Gas. Mid-caps also closed in the positive territory. However Auto and Bankex closed with some profit booking trade.
All the Asian markets closed on a negative note in today’s session. The Nikkei market closed on a negative mark, down by 7 points. While Hang Seng closed down by 57 points. However Taiwan and KOSPI closed in negative territory.
Buzzer: United Spirits was down by more than 4.5% on the bourses today and closed below the technical level of Rs 2300. If the stock opens below this level, it may touch the Rs 2260/2220 mark in the next few sessions.
Nifty future may consolidate in the same range around 8070-8120 level.
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