RBI's stance a game changer: indices dive, Bankex dips by 1%
DSIJ Intelligence / 07 Dec 2016
The Indian markets turned choppy after RBI kept repo rate unchanged. Healthcare and Bank indices witnessed nose dive trade, down by 1 per cent each. The Sensex saw deep cut by 156 points and closed at 8102. The Nifty ended 41 points down at 8102. Both the indices ended down by 0.5 per cent each.
The Indian markets turned choppy after RBI kept repo rate unchanged. Healthcare and Bank indices witnessed nose dive trade, down by 1 per cent each. The Sensex saw deep cut by 156 points and closed at 8102. The Nifty ended 41 points down at 8102. Both the indices ended down by 0.5 per cent each.
The advance–decline ratio ended on the negative side in closing session. On the NSE, 17 shares closed in green, while 34 shares ended the day in red.
Majority of the sectoral indices closed on a negative note. Healthcare and Bankex were hammered the most, down more than 200 points each. Mid-cap, Small-Caps, IT and Capital Goods dived around 60 points each. However Oil & Gas and Auto closed on a positive note.
In the Asian markets, the Nikkei closed up by 200 points. While the Hang Seng index ended up by 88 points. The KOSPI and Taiwan also ended on a positive note.
European markets were also trading in positive scenario.
Derivative Analysis
Nifty future closed above 8100 mark. Going ahead 8070/8030 will be the immediate support levels.
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