Choppy indices closed on a positive note
DSIJ Intelligence / 04 Oct 2016
The Indian markets saw trading in a tight range during the mid-market session. Benchmark indices were choppy after RBI monetary policy declaration. At the end of the session, the Nifty closed up by 31 points at 8769; and the Sensex was up by 91 points at 28334. The indices were trading on a positive note between 0.32 -0.37 per cent.
The Indian markets saw trading in a tight range during the mid-market session. Benchmark indices were choppy after RBI monetary policy declaration. At the end of the session, the Nifty closed up by 31 points at 8769; and the Sensex was up by 91 points at 28334. The indices were trading on a positive note between 0.32 -0.37 per cent.
The advance-decline ratio is on the positive side. On the NSE, 34 shares were in the green and 16 shares were in the red.
Apart from Capital Goods all of the sectoral indices closed in the positive in today’s session. Oil & Gas was the top gainer, up by 271 points. While Bankex, IT and Metals were up by around 80-90 points each. Mid-caps and Small-Caps also closed in positive territory.
In the Asian markets, the Nikkei closed down by 136 points. The Hang Seng index ended up by 105 points. While the Taiwan and KOSPI also ended on a positive note.
European markets were also trading in positive scenario.
Derivative Analysis
Nifty future closed at 8800. If it sustains above this level, it may see more upward moves.
