Indian markets extend sequential loss in Samvat 2073

Indian markets have shed their gains since the start of Samvat 2073 due to nervousness on the outcome of the US presidential election. Though indices started the day on a positive note, all sectoral indices tumbled with heavy losses, except FMCG. Meanwhile, Bank Nifty was down 49.2 points at 19178.7. Sensex declined 96.39 points to close at 27430.28, while Nifty lost 29.05 points to close at 8484.95.

The advance-decline ratio ended negative in the closing session. On the NSE, 409 shares closed in the green, while 1091 shares ended the day in the red.

Sectoral indices such as Oil & Gas and Healthcare closed in the negative in Thursday’s session, down almost 200 points each. Mid-cap and Small-cap indices also closed in the red with a loss of 1.36 per cent and 1.05 per cent, respectively. Consumer Durables and IT indices too tumbled 104 points and 77 points. respectively.

The Asian markets closed mixed. Hang Seng declined 126 points, Taiwan closed in the red and KOSPI closed in the positive.

The European markets are witnessing a mixed trend.

Derivative Analysis: 

Nifty Future continued to fall below 8500 level, indicating a further downside move ahead.