Indices Continue With Selling Pressure
DSIJ Intelligence / 09 Dec 2015
The Indian markets continues with its profit booking scenario after witnessing heavy selling over the last few days. The Indian market could not sustain it’s around vital support levels. This is due to basket selling by FIIs and DIIs. The global scenario is also looking negative. As a result, the Nifty is currently down by 36 points at 7665 and Sensex is 106 points lower at 25203. Both indices opened down in the range of 0.42-0.49 percent.
The Indian markets continues with its profit booking scenario after witnessing heavy selling over the last few days. The Indian market could not sustain it’s around vital support levels. This is due to basket selling by FIIs and DIIs. The global scenario is also looking negative. As a result, the Nifty is currently down by 36 points at 7665 and Sensex is 106 points lower at 25203. Both indices opened down in the range of 0.42-0.49 percent.
The advance-decline ratio is negative since the morning session. On the NSE, 541 shares are trading in gains and 1995 shares are down.
Top 5 Nifty Gainers: BHEL is the top gainer for the morning session, up by 3.31%, followed by TCS, Wipro, NTPC and Tech Mahindra.
Top 5 Nifty Losers: Vedanta is the strongest loser so far, down by 3.1%. Bharti Airtel, Ambuja Cement, and Adani Port are among the others trading lower.
All the sectoral indices are in negatives. Healthcare is down by a whopping 273 points in the morning session. Capital Goods, Auto and Metals all dropped more than 100 points each. Mid-Caps and Small-Caps are down by 116 points and 183 points respectively.
The Asian shares are in the red. The Nikkei market is the highest loser for the morning session, down 191 points. Hang Seng is down 88 points, while Shanghai Composite is 10 points higher.
Buzzers: Vedanta has crashed by 3.4%. The scrip has broken all the vital supports and hit a low at Rs 84. Below this level it may touch Rs 76 which is its 52-week low.
The Nifty has broken a major support at the 7700 level in the opening session. If it sustains below this level, it may move to 7650.
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