Indices End With Nominal Gains

The Indian equity markets continued with their volatility even in today’s trade. The Banking stocks like ICICI Bank, Kotak Mahindra and IndusInd Bank provided some strength, on the other hand IT and Consumer Durables index ended with negative note. The Nifty ended with gain of 17 points at 7982 and Sensex up by 54 points at 26425.

The advance-decline ratio ended was on the negative side in today’s trading session. On the NSE, 1151 shares closed in green, while 1483 shares ended the day in red.

Top 5 Nifty Gainers: Tata Power closed the day with a gain of 3.79 % on the NSE. Bajaj Auto, ICICI bank, Kotak Mahindra and HDFC were the others that ended gained in today’s trade.

Top 5 Nifty Losers: NMDC was the top loser, down by 2.58%, followed by TCS, Vedanta, Hindalco and HCL Tech.

Most of the indices ended in the red territory. IT was the top loser for the day, down by 172 points. Followed by Metals and Consumer Durables that were down by 172 points and 113 points respectively. Capital Goods and Healthcare also closed on negative note. However Bankex provided good strength and was up by more than 200 points.  

In the Asian markets, the Hang Seng ended higher by 372 points. Followed by Nikkei market and Shanghai Composite also ended on positive mark.

Buzzers: Bajaj Auto, the stock surge by 3.2% and made high of Rs 2297. If its open above 2300 level may see more upward move.

On currency update the Rupee showing gradual down move as it made new recent low at Rs 64.32 per dollar.

The Nifty Future struggled but did not managed to close above 8000 mark. Indicating some caution around 7980 level.