Bears took the lead; Infy down by 4 %

DSIJ Intelligence / 09 Jun 2016

Bears took the lead; Infy down by 4 %

The NSE 50 and BSE 30 crashed today over negative sentiments from the globe and at home. All the sectors dropped in the range of 1-3 per cent in on Thursday. The Nifty ended lower by 69 points at 8203 and Sensex closed 257 points down at 26763. The indices ended in red by 0.84-0.95 per cent respectively.

The NSE 50 and BSE 30 crashed today over negative sentiments from the globe and at home. All the sectors dropped in the range of 1-3 per cent in on Thursday. The Nifty ended lower by 69 points at 8203 and Sensex closed 257 points down at 26763. The indices ended in red by 0.84-0.95 per cent respectively.

The advance-decline ratio ended on the negative side in today’s session. On the NSE, 1232 shares closed in green, while 1332 shares were in red.

Top 5 Nifty Gainers: ONGC closed the day as the highest gainer, up by 2.2%. Coal India, NTPC, Reliance and BPCL were among the others that closed with gains.

Top 5 Nifty Losers: Infosys was down by 4.2% today, followed by Ambuja Cement, Hero MotoCorp, Aurobindo Pharma and ITC.

IT was the highest loser among the sectoral indices, down 251 points. FMCG, Capital Goods and Auto dipped more than 100 points.  Bankex and Healthcare were 57 points and 59 points lower, respectively. However Metals and Oil & Gas closed upper hand by 130 points and 111 points, respectively. Mid-Caps and Small-Caps  closed in the mix.

Among the Asian peers, the Nikkei market was the top loser today, down by 162 points. The Hang Seng ended lower by 30 points. Shanghai and KOSPI also ended on a negative note.

Buzzers: Infy. The stock was down by 4.2 per cent and made a low of Rs 1180. It closed below the technical level of Rs 1200, indicating more profit booking below this level.  

The Nifty future has vital support around the technical level of 8200/8170 level. If it opens below this level, it may touch 8100 level. 

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