Nifty Struggles to break 8000 Mark

The Indian markets witnessed some sell-off in mid-session. After banking stocks like SBI, ICICI Bank, Axis Bank and PNB witnessed profit booking on higher side. The Nifty negative by 18 points at 7937 and the Sensex by 35 points at 26130. The both the indicators were down more than 0.25 percent each.

The advance-decline ratio is on the positive side. On the NSE, 1444 shares are in the green and 1294 shares are in red.

Top Nifty Gainers: Lupin is leading the gainer list so far up by 3.3%, followed by Tata Steel, Cipla, Maruti Suzuki and Bajaj Auto.

Top Nifty Losers: PNB is leading the losers list so far down by 2.7%, followed by HCL Tech, SBI, Bank Of baroda and Infy.

Major of the sectors were trading in red. Bankex was the top loser down by 176 points. Followed Capital Goods and Consumer Durable were down by 89 points and 29 points respectively. Mid-Caps and Small-Caps also were surrounded in this negative scenario. However Healthcare, Auto and FMCG were sustaining on positive territory.  

The Asian markets were also trade on positive note. The Hang Seng up by 98 points. Followed by the Shanghai Composite market up by 80 points. The Straits Times and The Taiwan were trading with nominal loss.

Buzzer:- Tata steel the metal index major stock surges by 2.6% to made an intraday high above 245 mark. If its sustain above this level may see 365 level soon. 

Nifty Future continued trade below 8000 mark, indicating major resistance above this level.