Profit booking on higher side, Healthcare falls 1.3 %

Shital Jibhe / 16 Nov 2016

Profit booking on higher side, Healthcare falls 1.3 %

The Indian markets have opened positive but  have not managed to hold their gains and have ended on a flattish note. Bankex, Consumer Durables and Healthcare witnessed major profit booking to drag indices lower and closed down more than 200 points each. The Sensex closed lower by 6 points at 26298 and the Nifty was up by 3 points to close at 8111 level.

The Indian markets have opened positive but  have not managed to hold their gains and have ended on a flattish note. Bankex, Consumer Durables and Healthcare witnessed major profit booking to drag indices lower and closed down more than 200 points each. The Sensex closed lower by 6 points at 26298 and the Nifty was up by 3 points to close at 8111 level.
   
The market breadth ended on a negative note at the end of the day. On the NSE, 19 shares closed in the green, while 32 shares ended the day in red.

The Bankex, Healthcare and Consumer Durable index were hammered a lot as they closed down more than 200 points each. FMCG, Oil & Gas and Capital Goods also closed in negative territory. While Auto and IT provided some support and closed in positive territory.
 
In the Asian markets, the Nikkei closed up by 194 points. The Hang Seng index ended down by 43 points. While the Taiwan and KOSPI  ended on a positive note.

European markets were  trading in negative scenario.

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