Sensex Side-Ways, Metals Slide

The Indian market was hovering around the same range from opening trade today. The stocks in Health Care sectors made handsome rally in today’s session. However Metals and Capital Goods witnessed big amount of profit booking trade. Auto and Bankex also closed on a negative note. The Nifty closed nominally negative, down by 1 point at 8337 and Sensex was down by 47 points at 27868 in the closing bell.

The advance-decline ratio on NSE was negative, as the day ended with 1758 shares in green and 1923 shares in the red zone.

Top Nifty Gainers: DLF gained 6.11% in today’s trade, followed by Zee Entertainment, Dr. Reddys Labs, Lupin and Sun Pharma.

Top Nifty Losers: BHEL closed the day lower by 3.47%, followed by GAIL, Hero Motocorp, Sesa Sterlite and Asian Paints.

The sectoral indices were mixed in today’s session. Health Care was the outperformer in today’s trade, up by 332 points. Consumer Durables and IT stocks showned nominal up-move. However Metals and Capital Goods closed in negative, down by 146 points and 116 points respectively. Bankex, Auto and Oil & Gas also closed in the negative territory.

Most of the Asian markets also had a positive session on the bourses today. The Nikkei market saw up-move by 87 points, while Taiwan also closed on a positive note. The Hang Seng Index closed in the negative territory, down by 99 points.

Buzzer: DLF was up by more than 6% on the bourses today and closed up at the technical level around Rs 134. If the stock opens above this level, it may touch Rs 138/144 mark in the next few sessions.

Nifty future consolidates in the narrow range which was around 8360-8385. Going ahead, 8400 and 8430 levels will be the major hurdles.