Indices struggle; Bankex weak
DSIJ Intelligence / 29 Jul 2016
The Indian markets faced some disappointment in the last trade of July month. Bankex, Capital Goods and Consumer Durables were down more than 100 points each. The Nifty ended lower by 27 points at 8638; and Sensex was 156 points down at 28051. The indices ended in the red by 0.32% and 0.56% respectively.
The Indian markets faced some disappointment in the last trade of July month. Bankex, Capital Goods and Consumer Durables were down more than 100 points each. The Nifty ended lower by 27 points at 8638; and Sensex was 156 points down at 28051. The indices ended in the red by 0.32% and 0.56% respectively.
Market breadth for the Nifty index was negative and the advance decline ratio ended on the negative side in today’s trading session. 24 stocks closed with green mark whereas 26 stocks closed in red.
Top Nifty Gainers: Eicher Motors was the top gainer with 6.9% gains followed by Adani Ports, ZEEL, Lupin, Tata Power and Bosch Ltd.
Top Nifty Losers: ICICI Bank was top loser with loss of 3.5%, followed by Bharti Airtel, BHEL, HDFC and Bank of Baroda.
In today’s trading session most of the sectors closed in red mark and Bankex was top loser by 138 points. While Consumer Durables and Capital Goods closed on negative note around 115 points each. However Healthcare, Mid-caps and Small-caps were closed in green territory.
The Asian markets were quoting in the mix.China’s Shanghai Composite closed nominally down by 14 points, Hong Kong’s Hang-Seng was down by 282 points, while Japan’s Nikkei was positive, up by 92 points.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty August series starts with choppy trade. Going ahead the levels of 8440/8390 will remain as vital supports.
Top 5 Gainers On NSE
| Top Gainer in Nifty | |||||
| Symbol | LTP | Change Rs | % Change | Support | Resistance |
| Eicher motor | 22500 | 1401 | 6.6 | 22055 | 22800 |
| Adani port | 232 | 7.50 | 3.2 | 225 | 240 |
| ZEEL | 499 | 15 | 2.9 | 480 | 510 |
| Lupin | 1743 | 40 | 2.8 | 1690 | 1800 |
| Tata Power | 25077 | 441 | 1.7 | 24700 | 25200 |
Top 5 Losers On NSE
| Top Losers in Nifty | |||||
| Symbol | LTP | Change Rs | % Change | Support | Resistance |
| ICICI Bank | 262.30 | -10 | -3.5 | 250 | 270 |
| Bharti Airtel | 361.50 | -10.5 | -2.8 | 350 | 370 |
| BHEL | 145 | -3.7 | -2.5 | 140 | 155 |
| HDFC | 1375 | -27.2 | -1.9 | 1350 | 1400 |
| Bank baroda | 151.70 | -0.8 | -1.7 | 149 | 153 |
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