Nifty again misses 8150; Banks & Auto ended weaker
DSIJ Intelligence / 20 Dec 2016
The Indian markets continue to consolidate in the same range from last few trading sessions. The indices like Banks and Auto were facing major resistance on the higher side, followed by Mid-caps and Small-caps. The Nifty could not manage to sustain above 8100 mark, and ended lower by 22 points at 8082; and Sensex was down by 67 points at 26307. Both the indices ended lower by around 0.25-0.27 per cent each.
The Indian markets continue to consolidate in the same range from last few trading sessions. The indices like Banks and Auto were facing major resistance on the higher side, followed by Mid-caps and Small-caps. The Nifty could not manage to sustain above 8100 mark, and ended lower by 22 points at 8082; and Sensex was down by 67 points at 26307. Both the indices ended lower by around 0.25-0.27 per cent each.
The market breadth remained negative till closing hour, with 20 advances and 31 declines on the NSE.
Majority of sectoral indices closed on a negative note. Bankex and Auto index snapped for the day, down by 264 points and 170 points respectivly. While Healthcare, Mid-Caps and Small-caps also snapped more than 150 points each. However, IT and Consumer Durables provided good support to the indices, closing up around 95 points and 35 points respectively.
In the Asian markets, the Nikkei closed up by 102 points. While the Hang Seng index ended down by 103 points. The KOSPI and Taiwan ended on a positive note.
European markets were trading in a mixed scenario.
Derivative Analysis
Nifty future closed below 8150 mark. Going ahead 8060/8030 will be the vital supports.
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.