Action packed day ends on a negative note
DSIJ Intelligence / 09 Nov 2016
The Indian markets have been surrounded by cues which were domestic as well as international. After Trump won, the India benchmarks witnessed super pullback and recovered from lower ends. Having fallen by 338 points, the Sensex closed the day at 27252.The Nifty ended the day lower by 111 points at 8432.
The Indian markets have been surrounded by cues which were domestic as well as international. After Trump won, the India benchmarks witnessed super pullback and recovered from lower ends. Having fallen by 338 points, the Sensex closed the day at 27252.The Nifty ended the day lower by 111 points at 8432.
The market breadth ended on a negative note at the end of the day. On the NSE, 15 shares closed in the green, while 36 shares ended the day in red.
The Auto and Consumer Durables indices has been hammered a lot as it closed down more than 500 points each. IT, Mid-caps and Small-caps closed down more than 300 points each. FMCG, Metals and Capital Goods also closed in negative territory. While Bankex and Healthcare closed in positive territory.
In the Asian markets, the Nikkei closed down by 919 points. The Hang Seng index ended down by 494 points. While the Taiwan and Shanghai also ended on a negative note.
European markets were also trading in negative scenario.
Derivative Analysis
Nifty future closed below its crucial supports which was at 8500. If it continues to open below this level, it may see more downfall.
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