Indices Struggles, Small-Caps Surges
Suparna / 10 Apr 2015
Indices Struggles, Small-Caps Surges
The Indian markets witnessed a choppy action in today’s trade. The benchmark indices struggled to holds their gains till mid-session. Alternatively it’s had the small profit booking to closed on the lower ends at closing buzz. The majority selling saw in Healthcare stocks and index was fall around 80 points. The Banking and Capital Goods index also were closed in negative territory. The Nifty ends below its crucial support level and down by 1 points at 8491 while Sensex was down by 18 points at 27957 at the closing bell.
The advance-decline ratio on NSE was positive side, as the day ended with 1584 shares in green and 1139 shares in the red zone.
Top Nifty Gainers: BPCL closed the day higher by 5.39%, followed by Tata Power, GAIL, Tata Motors and Reliance.
Top Nifty Losers: ONGC closed the day lower by 2.81%, followed by PNB, Ultra Tech Cement, Tata Steel and Hindalco.
The sectoral indices were mixed in today’s session. Bankex stocks were the dragged the indices on lower side and were down by 171 points. Followed by Capital Goods and IT stocks also were loss all their gains, down by 84 points and 23 points respectively. However Healthcare and Auto managed to closed in positive territory and were up by 176 points and 121 points respectably. Mid-caps and Small-Caps closed in green mark, up by 32 points and 95 points respectively.
The Asian markets witnessed some positive scenario. The Hang Seng market continues with its up move by 328 points. Followed by Shanghai Composite and Taiwan market were up by 77 points and 49 points respectively. However the Nikkei market saw negative movement, and was down by 30 points.
Buzzer: Zee Entertain was down by more than 2.94% on the bourses today and closed below at the technical level around Rs 347. If the stock opens below this level, it may touch Rs 340/325 mark in the next few sessions.
From last few of days, Nifty Future maintains its positive momentum. Indicating that vital support on lower levels around 8700/8670 mark.
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