Indian markets close positive in a rangebound session

Indian markets started Tuesday’s session on a weak note, but after an hour of trade, markets recovered and finally closed the day on a positive note. BSE Sensex and Nifty closed about 0.18 per cent and 0.16 per cent, respectively, on the upside. At the closing bell, Nifty ended 12 points up at 8192 and the BSE Sensex was up by 47 points and closed at 26643. All sectoral indices closed in the green, barring Auto and IT.

The advance-decline ratio stood positive in the closing session. On the NSE, 28 shares closed in the green, while 23 shares ended the day in red.

Auto and IT indices were down by 39 and 16 points, respectively. Bankex and Capital Goods increased by more than 100 points each. Oil and Gas and Consumer Durables rose 241 and 343 points, respectively. FMCG and Healthcare indices increased 57 and 27 points, respectively. Mid-caps and Small-caps also were up by more than 73 points and 125 points, respectively.

Asian markets showed a positive trend on Tuesday. Shanghai and Hang Seng closed almost one per cent higher. Nikkei was closed due to holiday on the occasion of new year. Meanwhile, KOSPI and Taiwan rose 0.88 per cent and 0.22 per cent respectively on Tuesday.

European markets were trading in positive territory.

Derivative Analysis

Nifty future closed on a negative note at the 8,189-mark. Going ahead, 8136 and 8246 will be the immediate support levels.