Indices crack on Rupee letdown
DSIJ Intelligence / 24 Nov 2016
The Indian markets tanked after mid-market session. Both the indexes fell after Rupee continued to trade on downward move. The Sensex tumbled around 200 points from the day high. The Nifty ended 67 points down at 7965; and the Sensex ended 191 points down at 25860.
The Indian markets tanked after mid-market session. Both the indexes fell after Rupee continued to trade on downward move. The Sensex tumbled around 200 points from the day high. The Nifty ended 67 points down at 7965; and the Sensex ended 191 points down at 25860.
The advance–decline ratio ended on the negative side in closing session. On the NSE, 19 shares closed in green, while 32 shares ended the day in red.
The Bankex and Auto index were hammered a lot as they closed lower by 300 points each. Healthcare and Oil & Gas also snapped more than 100 points each. While IT and Metals closed in positive territory.
In the Asian markets, the Nikkei closed up by 170 points. The Hang Seng index ended down by 68 points. While the Taiwan and KOSPI also ended on a negative note.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty future closed below 8000. Going ahead 7920/7880 will be the vital supports.
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