Nifty Struggles To break 8300 Mark

The NSE 50 and The BSE 30 shares witnessed some range bound trading in mid-session. Capital Goods and IT have done well in today’s trading session. However Bankex, Consumer Durabales, Mid-caps and Small-Caps were continue with profit booking trade. The Nifty ended up by 46 points at 5565. The Sensex closed at 18789, up by 124 points. The indices ended in green by 0.84% and 0.67% respectively.

The advance-decline ratio ended on positive note. On the NSE, 980 shares closed in green, while 1637 shares ended the day in red.

Top Nifty Gainers: BHEL closed the day as the top gainer on the NSE as it closed higher by 4.6%, followed by Vedanta, Bajaj Auto, Tata Steel and Grasim.

Top Nifty Losers: Asian Paints closed the day as the top loser on the NSE as it closed lower by 4.8% followed by Yes Bank, Coal India, Bharti Air Tel, and HDFC.

On the sectoral front, 10 out of the 13 sectors ended in the green. Capital Goods was the top gainer as they ended higher by 90 points respectively. However, Bankex and Consumer Durables ended the day lower by 110 points and 92 points respectively. Mid-Caps and Small-Caps also were down by 60 points and 75 points respectively.

The Asian markets closed on a mixed note. The Nikkei was the top loser as it ended the day up by 121 points. However the Hang Seng which ended lower by 35 points. The Straits Times and KOSPI too ended on a mixed note.

Buzzers: Bharti Airtel announced Q2 results in  today's session, as the stocks disappointed market is expecting number. The stock fell by 3% and hit a low of Rs350, which was the major support level.

Nifty Futures has a major barrier around the 8300 mark indicating short term profit booking in current scenario