Bears Lead the Way

DSIJ Intelligence / 21 Jul 2015

Bears Lead the Way

Following negative sentiments, the Nifty ended lower by 74 points at 8529 and the Sensex closed 237 points down at 28182. All the sectors dropped between 2%-5% in a single day. The banking Stocks like ICICI Bank, Axis Bank, PNB, Can Bank and SBI were the top losers. 

The NSE 50 and BSE 30 crashed today over negative sentiments from the globe and at home. All the sectors dropped in the range of 2%-5% in a single day. The Nifty ended lower by 74 points at 8529 and the Sensex closed 237 points down at 28182. The indices ended in red by 0.84 - 0.86 percent.

The advance-decline ratio ended on the negative side in today’s session. On the NSE, 945 shares closed in green, while 1884 shares were in red.

Top 5 Nifty Gainers: Infosys closed the day as the highest gainer, up by 11.1%. Bharti Airtel, HCL Tech, Zee Entertain and Tech Mahindra were among the others that closed in gains.

Top 5 Nifty Losers: Sun Pharma was down by 15.06% today, followed by Vedanta, Lupin, Aisan Paints and Ultra tech Cement.

Healthcare was the top loser among the sectoral indices, down 1061 points. Bankex, Capital Goods dipped by 361 points and 224 points respectively. The Consumer Durables and Oil & Gas were around 150 points. FMCG, Metals and Auto closed 100 points down. Mid-Caps and Small-Caps also ended in the negative in the range of 150 points.

Among the Asian peers, the Nikkei market was the highest gainer today, up by 191 points. The Hang Seng ended higher by 131 points. Shanghai and Taiwan also ended on a positive note.

Buzzers: The stock of Sun Pharma  crashed by 16% in today’s early trade after India’s largest drugs manufacturer issued a revenue and profit warning. The stock hit a new 52-week low of Rs 799.

The Nifty futures closed below the psychological level of 8550, indicating the possibility of a further down-slide in the next trading session.

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