Markets set a trend sideways on Monday’s trade

The Indian markets started a week with rangebound session on first day itself. Markets oscillated both sides throughout trading hours. BSE Sensex and Nifty indices closed about 0.12 per cent and 0.09 per cent downside. At closing bell, the Nifty ended 7 points downsides at 8236 and the BSE Sensex declined 32 points to close at 26726. All sectoral indices closed on red except IT, FMCG and Bankex.

The advance-decline ratio stood negative in the closing session. On the NSE, 22 shares closed in green, while 28 shares ended the day in red and 1 unchanged.

Healthcare, Oil & Gas index dropped more than 121 and 117 points respectively. Auto, Metals, Consumer durables and Capital Goods reduced marginally. On the same time, IT and Bankex increased 58 and 22 points respectively. However, Mid-caps up by 28 points and Small-caps up by more than 55 points.

In the Asian markets closed mixed trend on Monday. Shanghai and Hang Seng up 0.54 per cent and 0.25 per cent upside respectively. However, Nikkei reduced 0.34 per cent. Meanwhile, KOSPI declined 0.02 per cent whereas Taiwan dropped 0.32 per cent.

European markets were trading in negative trend.

Derivative Analysis

Nifty future closed on negative note but above 8250 mark. Going ahead 8296/8202 will be the immediate support levels.