Indices Fall, Nifty Below 8150 Mark

The Indian markets witnessed perpendicular fall in today’s trade. All the sectoral indices were hammered badly to close below their crucial supports levels. Banking index slipped more than 650 points. Capital Goods and Auto index tanked more than 500 points. Oil & Gas, Metals, Mid-Caps and Small-Caps also witnessed massive amount of selling, down by 3% to 5% respectively. As a result the Nifty broke all the vital support, snapped by 251 points at 8127 and Sensex was down by 854 points at 26987 in the closing bell.

The advance-decline ratio on NSE was on the negative side, as the day ended with 663 shares in green and 2248 shares in the red zone.

Top Nifty Gainers: HUL is the only gainer in today’s trade, up by 1.89 %.

Top Nifty Losers: Jindal Steel closed the day lower by 6.26%, followed by ONGC, Sesa Sterlite, Tata Steel and HDFC.

All the sectoral indices were negative in today’s session. Banking stocks dived trade in today’s session, down by 650 points. Capital Goods and Auto stocks showed down move more than 500 points each. Metals, Healthcare, Consumer Durable, Mid-Caps and Small-Caps stocks were surrounded by the negative scenario, down more than 300 points.   

The Asian markets also had a negative session on the bourses today. The Nikkei market saw down move by 525 points. Hang Seng also closed on a negative note, down by 235 points. Taiwan and KOSPI Index closed in the red territory.       

Buzzer: Jindal Steel was down by more than 6.26% on the bourses today and closed down at the technical level around Rs 155. If the stock opens below this level, it may touch Rs 140/125 mark in the next few sessions.

Nifty future tanked below the 8200 level. If it opens and sustains below this level, it may see the level of 8000.