Market remains choppy, ends nominally positive
DSIJ Intelligence / 07 Jul 2016
The Indian markets have been witnessing choppy trades from last two consecutive days. On July 07, 2016, stocks like IT and Capital Goods sector have continued with their profit booking momentum, down by 181 points and 122 points respectively. The Nifty ended nominally positive, up by 1.95 points at 8337 and Sensex was up 34 points at 29201. The indices ended the day higher by 0.02-013 per cent each.
The Indian markets have been witnessing choppy trades from last two consecutive days. On July 07, 2016, stocks like IT and Capital Goods sector have continued with their profit booking momentum, down by 181 points and 122 points respectively. The Nifty ended nominally positive, up by 1.95 points at 8337 and Sensex was up 34 points at 29201. The indices ended the day higher by 0.02-013 per cent each.
The advance-decline ratio ended on the positive side. On the NSE, 1553 shares closed in green, while 1206 shares were in the red.
Top 5 Nifty Gainers: Lupin closed the day with the top gains, up by 5.9%. Hindalco, HUL, HDFC and Dr. Reddy's Labs were among the other key gainers.
Top 5 Nifty Losers: Tata Steel was the top loser, down by 4.7%, followed by Zee Entertain, HCL Tech, TCS and Adani Power.
By the end of the day, 10 out of 13 sectors remained in the red zone. IT was the top loser, down by 181 points. Capital Goods and Auto were down by 122 points and 101 points respectively. Only Bankex ended on a positive note, up by 49 points.
The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 211 points. Taiwan also ended higher by 65 points. However Nikkei market closed negative, down by 102 points.
Buzzers: Lupin. The stock surged by 5.9 per cent and closed above technical level of 1650. If it continues with the current momentum, it may see 1680/1700 soon.
The Nifty index was strongly volatile on both sides. The 8300 level will be a pivot for the next trading session.
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