Indian markets closed on flat note

The Indian markets continued with their Tuesday’s mood on Wednesday to trade in a range-bound manner. The markets closed on a flat note. Both BSE Sensex and Nifty closed about 0.04 per cent and 0.02 per cent, respectively, on the downside. At closing bell, Nifty ended 1.75 points downside at 8190 and the BSE Sensex declined 10 points to close at 26633. All sectoral indices closed in the green except Bankex, Metals and Oil & Gas.

The advance-decline ratio stood negative in the closing session. On the NSE, 24 shares closed in the green, while 27 shares ended the day in the red.

Bankex was down by 169 points. Metals and Oil & Gas slid by 14 and 68 points, respectively. However, Consumer Durables index remained top performer, rising by 142 points. IT and Capital Goods indices increased more than 90 points each. Auto index was up by 52, Mid-cap down by 10 points and Small-cap up by more than 57 points.

The Asian markets witnessed positive trend on Wednesday. Shanghai and Nikkei were up and closed almost 0.73 per cent and 2.51 per cent, respectively, while Hang Seng closed flat. KOSPI and Taiwan rose 0.08 per cent and 0.15 per cent, respectively. on Wednesday.

European markets were showing a mixed trend.

Derivative Analysis

Nifty future closed on a positive note above the 8,200 mark. Going ahead, 8136/8246 will be the immediate support levels.