Markets close three-month low on negative global cues
DSIJ Intelligence / 02 Nov 2016
Indian markets have shed their gains since the start of Samvat 2073 due to nervousness on the outcome of the US presidential election. All sectoral indices tumbled with heavy losses. Meanwhile, Bank Nifty was down 230.7 points at 19227.9.
Indian markets have shed their gains since the start of Samvat 2073 due to nervousness on the outcome of the US presidential election. All sectoral indices tumbled with heavy losses. Meanwhile, Bank Nifty was down 230.7 points at 19227.9. The Sensex declined 349.39 points to close at 27527.22, while Nifty lost 112.25 points to close at 8514.
The advance-decline ratio ended positive in the closing session. On the NSE, 249 shares closed in the green, while 1244 shares ended the day in the red.
Sectoral indices such as Banking, Healthcare and Oil & Gas closed in the negative in Wednesday’s session, down more than 300 points each. Mid-cap and Small-cap indices also closed in the red with a loss of 1.84 per cent, while Auto and Capital Goods were down by around 241 points and 165 points, respectively.
In the Asian markets, the Nikkei closed down 307 points, while the Hang Seng also declined 336 points. The Taiwan and the KOSPI too closed in the negative.
The European markets are witnessing a mixed trend.
Derivative Analysis:
Nifty Future continues to take vital support around 8500/8550, indicating a consolidating move ahead.
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