Indices Continue To Move Southwards

The Indian markets witnessed non-stop fall in today’s trading session. All the sectoral indices closed in red mark. Metals, Health Care, Capital Goods and Bankex continued to wilt under massive amount of selling pressure. Mid-caps and small-caps also closed on a negative note. The Nifty closed down by 93 points at 7852 and Sensex was down by 296 points at 26271 in the closing bell.

The advance-decline ratio on NSE was on the negative side, as the day ended with 1439 shares in green and 2202 shares in the red zone.

Top Nifty Gainers: NTPC gained 1.15% in today’s trade, followed by GAIL, Power Grid, Wipro and Tata Motors.

Top Nifty Losers: DLF closed the day lower by 5.85%, followed by Sesa Sterlite, Jindal Steel, Hindalco and Cairn India.

All the sectoral indices closed on a negative note in today’s trading session. Metals tanked by 300 points. Capital Goods and Health Care stocks were down around 250 points. While Bankex, Auto and Consumer Durables closed down around 150 points. Mid-caps, small-caps and IT also closed in the negative note.

Most of the Asian markets had a negative session on the bourses today and ended the day in the downward territory. The Nikkei market saw down move by 107 points, while Taiwan index also closed on a negative note. However the Hang Seng market closed up by 107 points.     

Buzzer: DLF was down by more than 5.5% on the bourses today and closed down at the technical level around Rs 145. If the stock opens below this level, it may touch Rs 138/130 mark in the next few sessions.

The Nifty Future closed below the technical level of 7900, which is the bearish indicator for further trade.