Leading Indices Struggles
DSIJ Intelligence / 11 Sep 2014
Weakness in Indian markets continued with the range bound session in today’s trading session. Indices like Health Care, Metals and Consumer Durables witnessed heavy profit booking. On the other hand Auto, Capital Goods and Bankex managed to sustain gains. At the closing Nifty index was down by 8 points at 8085 and the Sensex ended the day on lower at 26995, down by 61 points.
Weakness in Indian markets continued with the range bound session in today’s trading session. Indices like Health Care, Metals and Consumer Durables witnessed heavy profit booking. On the other hand Auto, Capital Goods and Bankex managed to sustain gains. At the closing Nifty index was down by 8 points at 8085 and the Sensex ended the day on lower at 26995, down by 61 points.
The advance-decline ratio on NSE was on the positive side as the day ended with 2279 shares in green and 1367 shares in the red zone.
Top Nifty Gainers: IDFC gained 3.59% in today’s trade, followed by SBIN, Bank Of Baroda ,BHEL and PNB.
Top Nifty Losers: Sun Pharma closed the day lower by 4.31%, followed by ONGC, Coal India, NMDC and Lupin.
The sectoral indices closed on a mixed note. Health Care and Metals closed on negative note down by 240 points and 136 points respectively. However Auto, Bankex and Capital Goods witnessed green closing. While 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 42 points, whereas Nikkei index closed up by 120 points. Taiwan and KOSPI closed in the negative territory.
Buzzer: Sun Pharma was down by more than 4.31% on the bourses today and closed near the technical level of Rs 825. If the stock opens below this level, it may touch the Rs 805/790 mark in the next few sessions.
Nifty Future closed below the technical level of 8120. Going ahead, the levels of 8075/8050 will be the immediate vital supports.
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