Indices closed on negative note

DSIJ Intelligence / 27 Sep 2016

Indices closed on negative note

The Indian markets continued with the profit booking trade also on September 27, 2016. Majority of the selloff was witnessed in Capital Goods, Bankex and Auto indices. The Nifty index ended down by 17 points at 8706 and Sensex closed 70 points lower at 28223. Both the indices closed lower by 0.2 per cent.

The Indian markets continued with the profit booking trade also on September 27, 2016. Majority of the selloff was witnessed in Capital Goods, Bankex and Auto indices. The Nifty index ended down by 17 points at 8706 and Sensex closed 70 points lower at 28223. Both the indices closed lower by 0.2 per cent.

The advance-decline ratio ended on the negative side today. On the NSE, 19 shares closed in green, while 32 shares were in the red.

Majority of the sectoral indices closed in negative in today’s session. Capital Goods and Auto were the losers, down by 167 points and 105 points respectively. While Healthcare and IT were up by around 71 points and 96 points respectively. Mid-caps, Small-Caps & Consumer Durables also  closed in positive territory. 

In the Asian markets, the Nikkei closed up by 139 points. The Hang Seng index ended up by 253 points. While the Taiwan and KOSPI also ended on a positive note.

European markets were trading in negative scenario.

Derivative Analysis

Nifty future closed below vital support which was at 8750 level. If it continues with current scenario, it may see 8600 level soon. 

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