Sensex, Nifty Recovers From Lower Ends.

The benchmark indices witnessed a massive amount of volatility in today’s trading session. After the mid-session, indices were suddenly surrounded under heavy amount of selling pressure on weak European cues. However the index like Capital Goods, IT and Oil & Gas helped the benchmarks to recover from lower side. While Auto, Healthcare and Metals continues to closed in negative territory down around 100 points each. The Nifty closed down by 4 points in today’s session at 8130 while Sensex was down by 23 point and closed at 26813.

The advance-decline ratio on NSE was on the negative side, as the day ended with 1273 shares in green and 1383 shares in the red zone.

Top Nifty Gainers: BPCL closed the day higher by 3.28%, followed by Bosch, Reliance, Tech Mahindra and Kotak Mahindra.

Top Nifty Losers: NMDC closed the day lower by 4.48%, followed by PNB, Tata Steel, Lupin and Vedanta.

The sectoral indices witnessed a mixed session. Capital Goods and Oil & Gas stocks witnessed some recovery and were up by 97 points and 21 points respectively. This was followed by Bankex,  Mid-Caps and Small-Caps index that were up by around 20 points each. However Healthcare, Metals and Auto closed in negative note.   

The Asian markets witnessed some negative scenario. The Hang Seng market saw down moves by 105 points. The Taiwan market was also down by 207 points. While Nikkei and Shanghai Composite market saw nominal positive trades.    

Buzzer: BPCL was up by more than 3.28% on the bourses today and closed up at the technical level around Rs 865. If the stock opens above this level, it may touch Rs 880/900 mark in the next few sessions.

The Nifty Future recover from the lower end around 8050 mark, indicating vital support around the technical level of 8000.