Indices nosedive on F&O expiry, Nifty below crucial 8600 mark

The Indian markets witnessed a nosedive trade with the majority of the sectoral indices surrounded in profit booking scenario. The most affected were the stocks of metals, IT, auto and capital goods, as they witnessed basket selling and crashed by more than 100 points each. Having fall by 224 points, the Sensex trading the day at 224.The Nifty ended the day lower by 58 points at 8592.

The market breadth ended on a negative note at the end of the day. On the NSE, 15 shares closed in the green, while 36 shares ended the day in red.

Top 5 Nifty Gainers: BHEL was top gainer with 3.2% gain followed by BPCL, GAIL , ITC and HCL Tech.

Top 5 Nifty Losers: Wipro was the top looser with a loss of 3.1% followed by Adani Ports, Idea, ZEEL and Tech Mahindra.

In today’s trading session, majority of the sectors closed in red mark. Metals and IT were top losers closed down by 143 points and 136 points respectively. While auto and consumer durable also closed on negative note down by 126 points and 100 points. Mid-caps, small-Caps and bank stocks also closed on a negative note.

The Asian markets were quoting in negative; Japan’s Nikkei was negative, closed down by 41 point.  Hong Kong’s Hang-Seng down by 5 point, while Taiwan and Shanghai composite closed on red mark.

European markets were also trading in negative scenario.

Derivative Analysis

Nifty future closed below 8600 mark. Going ahead its vital support will be at 8540/8480 levels. 

Top 5 Gainers On NSE

Top 5 Losers On NSE