Indices close with profit booking: Auto, Bankex span

The Indian markets nosedived in Wednesday’s session without a single sign of recovery till the closing session. All the sectoral indices closed in red territory. The Sensex fell by more than 300 points and ended at 27774. The Nifty ended down by 102 points to close at 8575 level. Both the indices closed down by more than 1%.

The market breadth remained negative till closing hour, with 7 advances and 43 declines on the NSE.

Top 5 Nifty Gainers: Adani Ports was the top gainer with 7.4% gains, followed by Bank of Baroda, TCS, HCL Tech and ZEEL.

Top 5 Nifty Losers: Grasim was top loser with loss of 7.2%, followed by ACC, Idea, Ambuja Cements and Lupin.

In today’s trading session, all of the sectors closed on the red mark; and Auto and Bankex were the top losers, down by 418 points and 294 points respectively. Healthcare, Oil & Gas and Consumer Durables also closed on a negative note, in the range of 150 points to 250 points, followed by Mid-caps and Small-caps, which also closed in red territory.

The Asian markets were quoting in the mix. Japan’s Nikkei was negative, closing down by 29 points.  Hong Kong’s Hang-Seng was up by 26 points, and China’s Shanghai Composite closed on the green mark.

European markets were trading in negative scenario.

Derivative Analysis

Nifty future closed below its crucial support, which was at 8600. If index opens and sustains below 8550 level, we may a further decline.

Top 5 Gainers On NSE

Top 5 Losers On NSE