Sensex Slide Below 27000 Mark

The Indian equity markets continued with the negative scenario even in today’s trade. Mid-Caps and Small-Caps stocks were surrounded under massive amount of selling pressure and were down by around 200 points each. The major sectoral indices of sectors like Banks, Auto, Capital Goods, and FMCG too witnessed a deep cut of more than 200 points each. The Nifty was hammered badly and was down by 101 points in today’s trade and closed at 8135 while Sensex was down by 351 points and closed at 26837 in today’s trade.

The advance-decline ratio on NSE was heavily tilted towards negative side, as the day ended with 607 shares in green and 2126 shares in the red zone.

Top Nifty Gainers: Idea Cellular closed the day higher by 1.59%, followed by Coal India, Bharti Airtel, Infosys and Bank Of Baroda.

Top Nifty Losers: Tata power closed the day lower by 5.6%, followed by Bosch, ITC, Cairn India and ONGC.

Most of the sectoral indices closed below their respective supports levels. Banking stocks started with negative scenario and its indices was down by more than 290 points. Auto, Capital Goods, FMCG and Healthcare stocks too closed on lower ends down by more than 250 points each. While Mid-Caps and Small-Caps index too ended below their crucial supports, down by around 200 points each. However IT index closed in some positive territory.

The Asian markets witnessed some mixed scenario in today’s session. The Hang Seng market was up by 190 points. However the Nikkei and Taiwan index closed with negative mark, down by 69 points and 57 points respectively.Buzzer: Tata Power was down by more than 5.6% on the bourses today and closed below at the technical level around Rs 70. If the stock opens below this level, it may touch Rs 64/59 mark in the next few sessions. 

Nifty Future broke all the technical supports and closed at 8150. Going ahead, 8000 level is the will be psychological support for further move.