Sensex and Nifty Volatile, Oil & Gas Tanked.
Suparna / 02 Dec 2014
The Indian markets witnessed some volatile trade after RBI kept interest rate unchanged. Today the major action was in Oil & Gas sector as stocks like BPCL, GAIL and IOC falls more than 2 percent. While IT stocks like Infosys, HCL tech and TCS also witnessed some profit booking. As a result, the Nifty closed down by 31 points at 8524 and Sensex closed at 134 points down at 28559.
The Indian markets witnessed some volatile trade after RBI kept interest rate unchanged. Today the major action was in Oil & Gas sector as stocks like BPCL, GAIL and IOC falls more than 2 percent. While IT stocks like Infosys, HCL tech and TCS also witnessed some profit booking. As a result, the Nifty closed down by 31 points at 8524 and Sensex closed at 134 points down at 28559.
The advance-decline ratio on NSE was on the positive side as the day ended with 1515 shares in green and 1415 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 4.68% in today’s trade, followed by Hindalco, NMDC, IDFC and Bharti Airtel.
Top Nifty Losers: BPCL closed the day lower by 4.27%, followed by Asian Paints, GAIL, M&M and Infosys.
Most of the sectoral indices closed on a positive note. Health Care, Metals and Capital Goods witnessed up move of more than 100 points. Mid-Caps, Small-Caps and Bankex also closed in positive territory. However Auto and IT index were hammered in today session down by 201 points and 167 points respectively. Oil & Gas also closed in negative territory down by 69 points.
All the major Asian markets closed the day on a positive note. The Hang Seng index witnessed some recovery of 286 points, followed by Nikkei and Shanghai Composite that closed in a positive territory. While Taiwan Index closed in negative note down by 82 points.
Buzzer: BPCL was down by more than 4% on the bourses today and closed near the technical level of Rs 715. If the stock opens below this level, it may touch the Rs 698/680 mark in the next few sessions.
Nifty Future took vital supports around 8480 and 8460 mark in daily chart. For tomorrow’s trade, traders are request to eyeing around these levels.
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