Markets stay positive amid volatility

Indian capital markets traded on a positive note on Thursday amidst volatility during the entire trading session. Nifty was able to cross the physiological level of 8400. BSE Sensex and Nifty indices closed higher by about 0.39 per cent and 0.32 per cent . At the closing bell, Nifty ended 26 points on the upside at 8407 and the BSE Sensex rose 106 points to close at 27247. All sectoral indices closed in the green, except Auto, Consumer Durables, FMCG and Healthcare.

However, the advance-decline ratio was negative in the closing session. On the NSE, 22 shares closed in the green, while 29 shares ended the day in red.

The Auto, Consumer Durables, FMCG and Healthcare indices decreased by about 41, 6, 79 and 110 points, respectively. The Capital Goods and IT indices surged by about 200 points each ahead of Q3FY17 results of IT major TCS. Bankex, Oil and Gas increased 45 points and 40 points, respectively. Mid-cap was up by 23 points, whereas Small-cap was down by more than 20 points.

The Asian markets closed on a mixed note on Thursday. Shanghai and Hang Seng declined 0.56 per cent and 0.46 per cent, respectively. Nikkei dropped 1.19 per cent, while KOSPI and Taiwan increased 0.58 per cent and 0.69 per cent, respectively.

European markets were on a selling mode.

Derivative Analysis

Nifty future closed on a positive note and closes above the 8,420 mark. Going ahead, 8494/8400 will be the immediate support levels.