Markets fail to excite investors, second consecutive day of choppy trades
DSIJ Intelligence / 28 Jan 2016
The Indian markets have been witnessing choppy trades for two consecutive days. Today, indices like Bankex and Capital Goods were hammered during the closing session. The Nifty ended down by 13 points at 7424; and Sensex was down 22 points at 24469. The indices ended the day lower by 0.09% and 0.18% respectively.
The Indian markets have been witnessing choppy trades for two consecutive days. Today, indices like Bankex and Capital Goods were hammered during the closing session. The Nifty ended down by 13 points at 7424; and Sensex was down 22 points at 24469. The indices ended the day lower by 0.09% and 0.18% respectively.
The advance-decline ratio ended on the negative side. On the NSE, 1249 shares closed in the green, while 1310 shares were in the red.
Top 5 Nifty Gainers: Vedanta closed the day with the top gains, up by 5.4%. Cairn India, Power Grid, HUL and M&M were among the other key gainers.
Top 5 Nifty Losers: Idea Cellular was the top loser, down by 4.4%, followed by L&T, PNB, Axis Bank and Grasim.
By the end of the day, 8 out of 13 sectors remained in the red zone. Capital Goods was the top loser, down by 212. Bankex and Consumer Durables were down by 160 points and 97 points respectively. Mid-caps and Small-Caps also ended on a negative note. Only FMCG and Healthcare ended on a positive note, up around 100 points.
The Asian markets closed on a mixed note. The Nikkei market was the top loser, down by 122 points. Hang Seng ended higher by 143 points. KOSPI and Straits Times ended with marginal gains.
Buzzers: Idea Cellular the stock crashed by over 5.4% today and made a new 52-week low of Rs 104.05. If it drops below the technical level of Rs 100, it may see a further downfall.
The Nifty index was strongly volatile on both sides. The 7500 level will be a pivot for the next trading session.
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