Sensex struggles at 28000, Banks witness profit booking

DSIJ Intelligence / 19 Oct 2016

Sensex struggles at 28000, Banks witness profit booking

The NSE 50 and The BSE 30 shares witnessed some amount of strength after mid-session. Healthcare and Oil & Gas were done well in today’s trading session. The Nifty ended down by 19 points at 8659. The Sensex closed at 27984, down by 66 points. The indices ended in red by 0.22-0.24 per cent respectively.

The NSE 50 and The BSE 30 shares witnessed some amount of strength after mid-session. Healthcare and Oil & Gas were done well in today’s trading session. The Nifty ended down by 19 points at 8659. The Sensex closed at 27984, down by 66 points. The indices ended in red by 0.22-0.24 per cent respectively.

The advance-decline ratio ended balance. On the NSE, 25 shares closed in green, while 26 shares ended the day in red.

Majority of the sectoral indices closed in positive in today’s session. Healthcare and Oil & Gas were top the gainers, up around 90 points each. While Consumer Durables, Metals, Mid-caps and Small-caps also were closed in positive territory. However Auto and bankex closed in negative territory, down more than by 100 points each. 

In the Asian markets, the Nikkei closed up by 35 points. The Hang Seng index ended down by 89 points. While the Taiwan and KOSPI also ended on a positive note.

European markets were  trading in negative scenario.

Derivative Analysis

Nifty future closed at 8650. If it sustains above this level, it may see more positive momentum. 

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