Markets Sideways, Sensex Hold 29,000 Mark
Suparna / 24 Feb 2015
The Indian stock markets witnessed a narrow range momentum in today’s session. The sectoral indices ended on a mixed scenario. Metals and Oil & Gas were continuing with the profit booking, down more than 100 points each. Auto, Mid-Caps and Small-Caps also closed in red territory. However Capital Good and FMCG provide good support, up by 175 points and 127 points respectively. The Nifty index consolidated in small range and closed at 8762 mark, nominally up by 7 points, while Sensex was up by 29 points at 29004 level at the closing bell.
The Indian stock markets witnessed a narrow range momentum in today’s session. The sectoral indices ended on a mixed scenario. Metals and Oil & Gas were continuing with the profit booking, down more than 100 points each. Auto, Mid-Caps and Small-Caps also closed in red territory. However Capital Good and FMCG provide good support, up by 175 points and 127 points respectively. The Nifty index consolidated in small range and closed at 8762 mark, nominally up by 7 points, while Sensex was up by 29 points at 29004 level at the closing bell.
The advance-decline ratio on NSE was a negative side, as the day ended with 1089 shares in green and 1733 shares in the red zone.
Top Nifty Gainers: HUL closed the day higher by 3.15 per cent, followed Kotak Mahindra, BPCL, Zee Entertainment and L&T.
Top Nifty Losers: Jindal Steel closed the day lower by 3.85 per cent, followed by Sesa Sterlite, Cairn India, ONGC and Bank Of Baroda.
The sectoral indices were mixed in today’s session. Oil & Gas and Metal stocks witnessed to continue with the profit booking scenario, and were down more than 100 points each. While Mid-caps and Small-Caps stocks also were ended in red territory, down by 23 points and 89 points respectively. Bankex and Auto index were closed around their crucial supports, down by around 40 points each. However Capital Goods and FMCG stock surges from its hurdles, up by 175 points and 127 points respectively.
Most the Asian markets were nominally positive in today’s trade. The Nikkei market saw up move by 136 points. While the Taiwan and Shanghai Composite markets closed up by 99 points and 24 points respectively. However Hang Seng closed in the negative note, down by 86 points.
Buzzer: Jindal Steel was down by more than 3.8 per cent on the bourses today and closed up at the technical level around Rs 185. If the stock opens below this level, it may touch Rs 180/175 mark in the next few sessions.
Nifty Futures consolidates in small range around 8750-8780 level. Going ahead, 8700/8680 will be the vital supports.
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