Choppy Day Ends On a Negative Note

The Indian markets witnessed volatile trades in today’s session. Indices recovered from the lower level but did not manage to close in the positive. The markets also recorded highest turnover as compared to trading sessions in last few days. The Nifty ended with loss of 41 points to close at 8477 and Sensex ended in red losing by 189 points closing at 27878.

The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1444 shares closed in green, while 1322 shares ended the day in red.

Top 5 Nifty Gainers: Bank Of Baroda closed the day as the top gainer, up by 15.4%. PNB, SBI. Tata Steel and GAIL were the others that ended on a higher note.

Top 5 Nifty Losers: Cipla closed the day as the top loser, down by 4.9%, followed by Hindalco, Zee Entertain, ONGC and Hero Motocorp.

On the sectoral front 5 of 13 sectors closed in red. Capital Goods ended as the top loser for the day, down by 177 points. Auto and Oil & Gas indices were down by 123 points and 92 points respectively. However Mid-Caps and Small-Caps were up both in the range of 30 points each. While Bankex and Consumer Durables also saw good buying and ended the day gaining more than 100 points.

In the Asian markets, Hang Seng closed down by 176 points. Taiwan and Straits Times index ended lower. Nikkei market ended on a positive note too.

Buzzers: Bank Of Baroda surged by more than 15% and made intraday high at Rs 215. The scrip crossed its physiological level of Rs 200 and closed around its major hurdle. Going ahead if the stock breaks Rs 250 level further upmove in the counter cannot be ruled out.

On currency update the Rupee August 2015 contract made recent low at Rs 65.40 level. If it closes above the 66 level against the USD we may see more up trend.  

The Nifty Future closed below the 8500 level  indicating some negative trade till it sustains in this manner.