Nifty Struggles to break 8000 Mark
DSIJ Intelligence / 02 Dec 2015
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 Indian markets witnessed some sell-off mid-session after banking stocks like SBI, ICICI Bank, Axis Bank and PNB witnessed profit booking on higher side. The Nifty fell into the negative by 18 points at 7937 and the Sensex by 35 points at 26130. Both the indicators are 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 gainers 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.
A majority of the sectors are trading in red. Bankex is the top loser down by 176 points followed by Capital Goods and Consumer Durables which are down by 89 points and 29 points respectively. Mid-Caps and Small-Caps were also surrounded in this negative scenario. However, Healthcare, Auto and FMCG are sustaining in the positive territory.
The Asian markets are also trading on a positive note. The Hang Seng up by 98 points followed by the Shanghai Composite market which is up by 80 points. The Straits Times and The Taiwan are trading with nominal loss.
Buzzer:- Tata steel, the metal index major stock has surged by 2.6% to make an intraday high above the 245 mark. If it sustains above this level we may see it hit the 365 level soon.
The Nifty Future continues to trade below the 8000 mark, indicating major resistance above this level.
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