Bears throw bulls out of the ring; Auto plunges 5 %
DSIJ Intelligence / 15 Nov 2016
The Indian markets saw a landslide fall also on November 15, 2016. Auto and Bank Nifty were hammered the most to drag the indices deeper. The markets witnessed an overwhelming sell-off also from the FII side. The Nifty index ended down by 187 points at 8108; and Sensex closed 514 points lower at 26304. Both the indices tanked around by 2 per cent each.
The Indian markets saw a landslide fall also on November 15, 2016. Auto and Bank Nifty were hammered the most to drag the indices deeper. The markets witnessed an overwhelming sell-off also from the FII side. The Nifty index ended down by 187 points at 8108; and Sensex closed 514 points lower at 26304. Both the indices tanked around by 2 per cent each.
The advance-decline ratio ended on the negative side today. On the NSE, 12 shares closed in green, while 39 shares were in the red.
The Auto index was hammered a lot as it has closed down more than 1000 points. Banks, Mid-caps and Small-caps closed down more than 500 points each. Consumer Durables and Capital Goods also closed in negative territory, down around 300 points each. While Metal, Healthcare and FMCG also were snapped. However only IT index closed in positive territory.
In the Asian markets, the Nikkei closed down by 4 points. The Hang Seng index ended up by 101 points. While the Taiwan and Shanghai ended on a negative note.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty future closed below its crucial support which was at 8200. If it continues to open below this level, it may see more downfall.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.