Bears Lead, Nifty ends At 8300
DSIJ Intelligence / 21 Aug 2015
The NSE 50 and BSE 30 slumped in second consecutive session, however some recovery was seen at closing buzz. Majority of the sectors surrounded in selling pressure, down in the range of 1%-2% in a today’s trade. The Nifty ended lower by 72 points at 8299 and the Sensex closed 241 points down at 27366. The indices ended in red around 0.87 percent each.
The NSE 50 and BSE 30 slumped in second consecutive session, however some recovery was seen at closing buzz. Majority of the sectors surrounded in selling pressure, down in the range of 1%-2% in a today’s trade. The Nifty ended lower by 72 points at 8299 and the Sensex closed 241 points down at 27366. The indices ended in red around 0.87 percent each.
The advance-decline ratio ended on the negative side in today’s session. On the NSE, 1001 shares closed in green, while 1806 shares were in red.
Top 5 Nifty Gainers: HUL closed the day as the highest gainer, up by 1.39%. Ambuja Cements, Infosys, Hindalco and Cipla were among the others that closed in gains.
Top 5 Nifty Losers: Vedanta was down by 4.2% today, followed by Yes Bank, Bajaj Auto, Idea Cellular and IndusInd Bank.
Auto was the highest loser among the sectoral indices, down 396 points. Capital Goods and Bankex also dipped by 312 points and 268 points respectively. Metals, Oil & Gas and Consumer Durables were down more than 50 points lower. Mid-Caps and Small-Caps were also negative in the range of 70-100 points. On the other hand IT, Healthcare and FMCG closed in positive territory.
Among the Asian peers, the Nikkei market was the top loser today, down by 597 points. The Hang Seng ended lower by 347 points. Shanghai and Taiwan also ended on a negative note.
Buzzers: Vedanta was down by 4% and closed below technical level of Rs 95. If the stock continued with the current scenario may touch Rs 80 soon.
The Nifty futures closed around the psychological level of 8300. This level will act as a pivot level of further trade.
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