Sensex, Nifty Stagnant, Bankex Recovers

After a few consecutive profit booking sessions, the Indian markets witnessed some flattish but positive closing in today’s trade. Bankex and Consumer Durables recovered from their lower end and traded on positive mark, up by more than 200 points. While Auto, Mid-Caps and Small-Caps also saw some positive action. The Nifty ended on a positive note and was up by 14 point and closed at 8355 and Sensex up by 34 points and closed at 27831.

The advance-decline ratio on NSE was positive side, as the day ended with 1679 shares in green and 1262 shares in the red zone.

Top Nifty Gainers: SBI gained 3.07% in today’s trade, followed by Jindal Steel, ONGC, PNB and Bank Of Baroda.

Top Nifty Losers: BHEL closed the day lower by 2.39%, followed by NMDC, GAIL, HUL and Tech Mahindra.

Most of the sectoral indices were positive in today’s session. Bankex and Consumer Durables were seen good recovery of more than 200 points each. Followed by Mid-Caps and Small-Caps stocks that moved up by 68 points and 29 points respectively. While Auto and HealthCare stocks were closed in positive note. However Metals, IT and Capital Goods witnessed profit booking. 

The Asian markets had mixed session on the bourses today. The Nikkei market saw down move of 400 points, while Taiwan and KOSPI closed on negative note. However, the Hang-Seng Index closed in positive territory up by 38 points.       

Buzzer: SBI was up by more than 3.07% on the bourses today and closed up at the technical level around Rs 315. If the stock opens above this level, it may touch Rs 350/370 mark in the next few sessions.

Nifty future sustained above 8380 mark which is the vital support in the daily chart. Going ahead this level will be the pivot level for further trend.