Markets Weak, Nifty Below 8000
DSIJ Intelligence / 16 Jun 2015
The Indian Market opened in the negative territory on back of tepid global cues. The Banking stocks dragged the benchmark indices to the lower levels and Bankex is down by 85 points. As a result the Nifty trading below its crucial support level, down by 24 points at 7989 levels and Sensex down by 80 points at 26505 levels. Both indices opened down by .30 per cent.
The Indian Market opened in the negative territory on back of tepid global cues. The Banking stocks dragged the benchmark indices to the lower levels and Bankex is down by 85 points. As a result the Nifty trading below its crucial support level, down by 24 points at 7989 levels and Sensex down by 80 points at 26505 levels. Both indices opened down by .30 per cent.
The advance-decline ratio is negative side in the morning session. On the NSE, 856 shares are trading with gains and 1128 shares are down.
Top Nifty Gainers: BPCL is the top gainer for today’s morning session up by 1.91%, followed by Tata Power, Wipro, Coal India and PNB Only.
Top Nifty Losers: Cairn India is the top loser for today’s morning session down by 1.9%, followed by HDFC, Cipla, Idea Cellular and Bank Of Baroda.
On the sectorial view 6 out of 13 sectors trading in red. Bankex was top loser trading in the morning session down by 85 points. Followed by Consumer Durables and Auto were down by 64 points and 32 points. Mid-Caps and Small-Caps also were trading with negative bias. However IT, Metals and Oil & Gas were showing some strength.
On the global front, the Asian shares are trading on negative sentiment. The Hang Seng index is the top loser for today’s morning session down by 145 points. Followed by the Nikkei index which is trading lower by 110 points. The KOSPI, Shanghai Composite and the Straits Times trade on some negative note.
Buzzers: - BPCL the stock moved up by 1.8% after petrol price hike by 64p/lt. The stock made new 52 week high at Rs 849.80.
Nifty broke its major support which was around 7980 level. Below this level we may see more selling pressure.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.