A directionless day ends with nominal gains
DSIJ Intelligence / 31 Mar 2016
The NSE-50 and the BSE-30 indices opened marginally on a positive note but remained flat till the end of day. There were no major triggers to take them in any definite direction, as investors were cautious on the eve of March F&O expiry session. The Nifty ended 3 points higher on 7738, while the Sensex was up by 3 points at 25341.
The NSE-50 and the BSE-30 indices opened marginally on a positive note but remained flat till the end of day. There were no major triggers to take them in any definite direction, as investors were cautious on the eve of March F&O expiry session. The Nifty ended 3 points higher on 7738, while the Sensex was up by 3 points at 25341. The indices ended up by 0.04 and 0.01 per cent respectively.
The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1306 shares closed in green, while 1246 shares ended the day in red.
Top 5 Nifty Gainers: Tata Power closed with the highest gains, up by 3.1%. Zee Entertain, IndusInd Bank, Ultra tech Cement and TCS were among the others trading in the positive.
Top 5 Nifty Losers: ONGC finished the day down by 1.9%, followed by SBI, Coal India, Asian Paints and Tata Steel.
10 out of the 13 sectors closed in the green. Consumer Durables was the top gainer up by 136 points, followed by Healthcare and IT, which were up by 98 points and 74 points respectively. Mid-Caps and Small-Caps were also up by 71 points and 48 points. However Metals, Oil & Gas and Capital Goods closed on a negative note, down around 50 points.
The Nikkei market was the top loser among its Asian peers, dropping 120 points. Hang Seng was down by 26 points, and Strait Times and KOSPI also remained in the red zone.
Buzzer: Tata power witnessed massive up moves by 3.1 % to cross the technical level of Rs 60. If it sustains above this level, it may see more up moves.
The Nifty traded in a very narrow range for today’s session. Tomorrow’s opening may provide some direction to the index.
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