Indices Sluggish, Small-Caps Emerge
Suparna / 01 Jan 2015
The Indian markets witnessed trade in a narrow range as most of the global markets were closed today. Metals and small-cap stocks led the sectoral indices, and showed up-move of more than 100 points each. Auto, Capital Goods and mid-cap stocks also closed in the positive territory. The Nifty closed nominally positive, by 1 point at 8284 and Sensex closed 8 points up at 27507 mark.
The Indian markets witnessed trade in a narrow range as most of the global markets were closed today. Metals and small-cap stocks led the sectoral indices, and showed up-move of more than 100 points each. Auto, Capital Goods and mid-cap stocks also closed in the positive territory. The Nifty closed nominally positive, by 1 point at 8284 and Sensex closed 8 points up at 27507 mark.
The advance-decline ratio on NSE was on the positive side as the day ended with 1833 shares in green and 982 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 3.23% in today’s trade, followed by Bharti Airtel, NMDC, Sesa Sterlite and BHEL.
Top Nifty Losers: NTPC closed the day lower by 1.20%, followed by Dr Reddys Labs, HDFC, Coal India and Zee Entertainment.
Most of the sectoral indices closed on a positive note. Small-Caps and Metals stocks led in today’s session, up more than 100 points. Auto, Capital Goods and Mid-Caps also closed in the positive territory, up around 60 points each. Bankex and Oil & Gas also closed on a positive note. However FMCG and HealthCare index were down in today’s trade, by 20 points each.
All the major Asian markets were closed for today’s trade.
Buzzer: Jindal Steel was up by more than 3% on the bourses today and closed near the technical level of Rs 155. If the stock opens above this level, it may touch the Rs 170/190 mark in the next few sessions.
Nifty Future was consolidating in the range of 8300-8340 levels. Going ahead, 8260 and 8220 levels will be the immediate support level on daily charts.
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