Choppy Session Ends On A Flat Note

The Indian markets witnessed choppy trades in today’s session. The sectoral indices also saw some directionless movement. As Metals, Healthcare and IT saw some profit booking, however, Auto, mid-Cap and Small-Caps hold their gains. The Nifty ended with nominal loss of 8 points to close at 8444 and Sensex ended in red with 75 points down at 27945.

The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1513 shares closed in green, while 1253 shares ended the day in red.

Top 5 Nifty Gainers: Bosch closed the day as the top gainer, up by 4.4%. Idea Cellular, Bharti Airtel, M&M and Kotak Mahindra Bank were the others that ended on a higher note.

Top 5 Nifty Losers: Tata Motors closed the day as the top loser, down by 1.8%, followed by Hindalco, Tech Mahindra, Vedanta and Cipla.

On the sectoral front 9 of 13 sectors closed in red. Healthcare and Metals  ended as the top loser for the day and were down by more than 50 points each. IT and Capital Goods indices were down by 43 points and 23 points respectively. However, Mid-Caps and Small-Caps  provide some support and were up by around 50 points each. Auto, Bankex and FMCG also closed in green territory.

In the Asian markets, Nikkei closed up by 193 points. The Hang Seng ended higher by 32 points. Taiwan and KOSPI ended on nominal positive note.

Buzzers: Tata Motors dipped by 1.8% and made intraday low at 435. The scrip broke its physiological level of Rs 440 and closed around its major support. Going ahead if stock breaks Rs 420 level, may see more downward move.

The Nifty Future closed above 8400 level  indicating some positive trade till it’s sustain above 8380 levels for tomorrow’s trading session.