Indices Witness Small Profit Booking

The Indian markets witnessed small profit booking session after massive rally from last couple of days. However Consumer Durables sector saw bullish move in today’s closing, up by 168 points. On the other hand Oil & Gas, IT, Capital Goods and Bankex ended on a negative note. At the closing buzz Nifty index was down by 20 points at 8152 and the Sensex ended the day lower at 27265, down by 54 points.

The advance-decline ratio on NSE was on the positive side as the day ended with 1961 shares in green and 1681 shares in the red zone.

Top Nifty Gainers: IndusInd Bank gained 2.14% in today’s trade, followed by Cipla, Coal India, Tata Motors and Bank of Baroda.
Top Nifty Losers: Tech Mahindra closed the day lower by 1.96%, followed by Bajaj Auto, Asian Paints, HCL Tech and DLF.

Most sectoral indices closed on a negative note. Oil & Gas and IT closed on a negative note, down by 56 points and 86 points respectively. Bankex and Capital Goods also witnessed down trade of around 50 points. However Consumer Durables, Mid-Caps and Small-Caps closed in positive territory. 

All the major Asian markets closed the day on a positive note. Hang Seng closed on the negative note, down by 49 points, whereas Nikkei index closed up by 44 points. Taiwan and Straits Times closed in the positive territory. 

Buzzer: IndusInd Bank was up by more than 2.14% on the bourses today and closed near the technical level of Rs 633. If the stock opens above this level, it may touch the Rs 650/675 mark in the next few sessions.

Nifty Future closed below the technical level of 8150. Going ahead, the levels of 8070/8040 will be the immediate vital supports.