Indices witnessed profit booking trade: Nifty ended below 7500
DSIJ Intelligence / 15 Mar 2016
The Indian markets have witnessed a continued profit booking scenario from the opening session. The most affected were the stocks of Healthcare and FMCG, as they witnessed basket selling and crashed by 482 points and 116 points. Having fallen by 253 points, the Sensex ended the day at 24551.The Nifty ended the day lower by 78 points at 7460
The Indian markets have witnessed a continued profit booking scenario from the opening session. The most affected were the stocks of Healthcare and FMCG, as they witnessed basket selling and crashed by 482 points and 116 points. Having fallen by 253 points, the Sensex ended the day at 24551.The Nifty ended the day lower by 78 points at 7460.
The market breadth ended on a negative note at the end of the day. On the NSE, 1004 shares closed in the green, while 1635 shares ended the day in red.
Top Nifty Gainers: SBI was the highest gainer today and appreciated by 1.9%. It was followed by Bank Of Baroda, Tata Steel, PNB and Yes Bank.
Top Nifty Losers: Lupin closed the day lower by 7.8%. It was followed by HDFC, Zee Entertain, Dr Reddys Labs and ITC.
6 out of the 13 sectors ended the day with losses. Healthcare was the top loser as it closed lower by a hefty 482 points. FMCG and Auto also ended the day significantly lower, down more than 100 points each. IT, Capital Goods, Mid-caps and Small-caps also were surrounded by a negative scenario.
Asian markets also closed on a negative note today. The Hang Seng was the top loser as it closed lower by 146 points. The Nikkei ended lower by 116 points. The Straits Times and KOSPI also ended on a negative note.
Buzzer: Lupin was down by 7% today as the stock closed below the technical level of Rs 1750, which is indicative of a more negative move ahead.
The Nifty closed below its vital support level of 7500 today. A closing below this level is indicative of a more painful scenario ahead.
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