Choppy Indices Closed On Negative Note

The benchmark indices witnessed some choppy action in today’s trade. The equity index struggled to recovers in mid-session. However on the closing buzz Banking and Auto stocks dragged the benchmark towards the lower end. While Capital Goods, Metals and Healthcare led today and closed up more than 100 points each. The Nifty closed down by 15 points at 8114 while Sensex closed down by 44 point at 26768.

The advance-decline ratio on NSE was on the positive side, as the day ended with 1378 shares in green and 1298 shares in the red zone.

Top Nifty Gainers: Coal India closed the day higher by 4.32%, followed by Zee Entertain, GAIL, Idea Cellular and NMDC.

Top Nifty Losers: Ambuja Cement closed the day lower by 3.14%, followed by ACC, UltraTech Cement, ICICI Bank and Tata Motors.

Most of the sectoral indices closed on a positive note.Capital Goods and Healthcare stocks led today’s session, and were up more than 100 points each. This was followed by FMCG and Oil & Gas stocks indices that were up by around 70 points each. While Mid-Caps and Small-Caps also closed in green territory. However Bankex and Auto closed in negative note, down by 190 points and 108 points respectively.   

The Asian markets continued with some negative scenario. The Hang Seng market saw deep cut in today’s trade and was down by 291 points, followed by Nikkei that was down by 27 points. While Taiwan and KOSPI market saw nominal negative trades.    

Buzzer: Zee Entertain was up by more than 3.46% on the bourses today and closed up at the technical level around Rs 335. If the stock opens above this level, it may touch Rs 342/345 mark in the next few sessions.

The Nifty Future entered in consolidation phase in the range of 8100-8180 level. Monday’s opening will decides further moves.