Nifty Hold 8000 Mark, Auto Sinks

After a big fall that we witnessed yesterday, Indian markets continued with the negative scenario in today’s session. Most of the stocks in Health Care and Auto segment closed below their respective supports, down more than 250 points each. Mid-caps and Small-Caps also ended on negative territory. However the Nifty managed to hold the vital technical support of 8000 mark, although, down by 37 points and Sensex was 71 points down at 26710 in today’s closing buzz.

The advance-decline ratio on NSE was on the negative side as the day ended with 1035 shares in green and 1780 shares in the red zone.

Top Nifty Gainers: Sesa Sterlite gained 3.77% in today’s trade, followed by ONGC, NMDC, SBI and Hindalco.

Top Nifty Losers: DLF closed the day lower by 4.06%, followed by Asian Paints, Kotak Mahindra, Cipla and Cairn India.

Auto and Healthcare stocks slump on the lower side, down by 280 points each. Followed by Consumer Durables and Small-Caps also were closed in negative territory down more than 100 points each. Capital Goods, Mid-Caps, FMCG and IT also were closed in negative territory. However Metals and Bankex recovered from the lower ends, closed up by 107 points and 42 points respectively.    

The major Asian markets closed the day on a mixed note. The Hang Seng index witnessed negative closing by 84 points, followed by Taiwan and KOSPI closed in down. While Nikkei Index closed in green note up by 64 points.    

Buzzer: NMDC was up by more than 2% on the bourses today and closed near the technical level of Rs 135. If the stock opens above this level, it may touch the Rs 145/155 mark in the next few sessions.

Nifty Future took the vital support on 8000 level. Going ahead, this level will be the trend deciding level for further trade.