Indices Remain In Stress, Oil & Gas Tank
Suparna / 11 Dec 2014
The Indian markets witnessed continued to wilt under massive amount of selling pressure. Today Oil & Gas stocks were saw virtually no respite as down by 255 points. While Auto, and IT also saw some profit booking trade more than 100 points each. The Nifty ends on negative note, down by 62 point at 8292 and Sensex down by 229 points at 27602 at closing bell.
The Indian markets witnessed continued to wilt under massive amount of selling pressure. Today Oil & Gas stocks were saw virtually no respite as down by 255 points. While Auto, and IT also saw some profit booking trade more than 100 points each. The Nifty ends on negative note, down by 62 point at 8292 and Sensex down by 229 points at 27602 at closing bell.
The advance-decline ratio on NSE was negative side, as the day ended with 1143 shares in green and 1757 shares in the red zone.
Top Nifty Gainers: IDFC gained 2.05% in today’s trade, followed by Tech Mahindra, Coal India, Hindalco and Kotak Mahindra Bank.
Top Nifty Losers: Jindal Steel closed the day lower by 3.53%, followed by ONGC, Tata Steel, Reliance and Bharti Airtel.
Most of the sectoral indices were negative in today’s session. Oil & Gas stocks were seen perpendicular fall more than 250 points. Followed by Auto and IT stocks were shown down move by 150 points and 123 points respectively. While Bankex, Consumer Durables and Metals stocks were closed in negative note. However only Health Care index witnessed some strength up by 44 points.
The Asian markets had negative session on the bourses today. The Nikkei market saw down move by 155 points, while Taiwan and KOSPI also closed on negative note. The Hang-Seng Index hammed the most down by 211 points.
Buzzer: ONGC was down by more than 3.23% on the bourses today and closed down at the technical level around Rs 350. If the stock opens below this level, it may touch Rs 340/320 mark in the next few sessions.
Nifty future closed below its vital support level which was around 8400. If index open below this level may see more downward movement.
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