Indices peddle lower, Nifty below 8200

The Indian markets saw a heavy profit booking in the starting of third week of December session. Taking some negative cues from the global market and being conscious ahead of expected Fed hike on the street, market was not able to hold its four days gain. At closing bell, the Nifty ended 90 points lower at 8170 and the Sensex lost 231 points to close at 26515.

The advance-decline ratio was balanced in the closing session. On the NSE, 6 shares closed in green, while 45 shares ended the day in red.

All of the sectoral indices closed on a negative note. Bank index and Auto were hammered the most, down more than 300 points each, followed by Oil & Gas and Mid-caps, which dived around 130 points each. FMCG, Consumer Durables, IT and Metal were also down by 30 points to 70 points each.

In the Asian markets, the Nikkei closed up by 158 points. While the Hang Seng index ended down by 327 points. The Shanghai and Taiwan also ended on a negative note.

European markets were also trading in negative scenario.

Derivative Analysis

Nifty future closed below 8200 mark. Going ahead 8140/8110 will be the immediate support levels.