Markets remain choppy, end marginally lower
DSIJ Intelligence / 14 Jun 2016
The Indian markets have been witnessing choppy trades for two consecutive days. Majority of the sectoral indices were directionless, though it closed in positive territory. The Nifty ended nominally down by 1 point at 8108 and Sensex was also down by 1 point at 26395. The indices ended the day lower by 0.01 per cent each.
The Indian markets have been witnessing choppy trades for two consecutive days. Majority of the sectoral indices were directionless, though it closed in positive territory. The Nifty ended nominally down by 1 point at 8108 and Sensex was also down by 1 point at 26395. The indices ended the day lower by 0.01 per cent each.
The advance-decline ratio ended on the positive side. On the NSE, 1530 shares closed in green, while 1065 shares were in the red.
Top 5 Nifty Gainers: Cipla closed the day with the top gains, up by 2.99%. Adani Ports, SBI, Bank of Baroda and Eicher Motors were among the other key gainers.
Top 5 Nifty Losers: Ultra Tech Cement was the top loser, down by 2.2%, followed by Zee Entertain, BPCL, Ambuja Cement and Hero MotoCorp.
By the end of the day, 11 out of 13 sectors remained in the green zone. Bankex was the top gainer, up by 82 points. Healthcare and Consumer Durables were up by 75 points and 47 points respectively. While Oil & Gas and IT closed on the red mark down around 45 points each.
The Asian markets closed on a positive note. The Nikkei market was the top loser, down by 160 points. Hang Seng also ended lower by 125 points. Straits Times and KOSPI ended marginally lower.
Buzzers: Cipla. The stock surged by 2.9 per cent to close above the technical level of Rs 480. If It continues with current scenario, it may cross the 500 level soon.
The Nifty index was strongly volatile on both sides. The 8100 level will be a pivot for the next trading session.
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