Markets witness lacklustre trading session

Indian capital markets opened on a positive note on Friday but after half an hour, profit booking was seen. After declaration of results by IT big boys, TCS and Infosys dropped 3.9 per cent 2.49 per cent, post Q3FY17 results. Nifty was able to sustain the physiological level of 8400. BSE Sensex and Nifty indices closed lower by about 0.08 per cent and 0.03 per cent, respectively.

At the closing bell, Nifty ended 6 points down at 8400 and the BSE Sensex declined 9 points to close at 27238. Half of the sectoral indices remained in the red. The advance-decline ratio stood negative in the closing session. On the NSE, 18 shares closed in the green, while 33 shares ended the day in red.

Auto and IT indices declined 163 and 192 points, respectively. Capital Goods, Consumer Durables and Metals decreased 55 points, 61 points and 14 points, respectively. However, Bankex, FMCG, Healthcare and Oil & Gas rose 69 points, 99 points, 24 points and 19 points, respectively. Mid-cap was down by 3 points whereas Small-cap was up by more than 3 points.

The Asian markets closed mixed on Friday. Shanghai declined 0.21 per cent, Hang Seng and Nikkei increased 0.47 per cent and 0.8 per cent, respectively, while KOSPI and Taiwan decreased 0.5 per cent and 0.33 per cent, respectively.

European markets were trading positive.

Derivative Analysis

Nifty future closed on a positive note at the 8420 mark. Going ahead, 8494/8400 will be the immediate support levels.