Indian markets trade on a positive bias

Indian capital markets started the day on a muted note, but later in the day, touched highs of more than quarter per cent. BSE Sensex and Nifty indices closed about 0.13 per cent and 0.17 per cent, respectively, on the upside. At the closing bell, Nifty closed with a gain of 14 points at 8,431 and the BSE Sensex increased 36 points to close at 27,293. On the NSE, 24 shares closed in the green, while 27 shares ended the day in the red.

All sectoral indices closed in the green, except Bankex and Healthcare. Oil & Gas increased more than 250 points. Auto and Consumer Durables indices too rose more than 100 points each. FMCG, IT, Capital Goods and Metals indices also witnessed positive momentum. However, Healthcare index fell 69 points and Bankex also declined 40 points. The Mid-cap and Small-cap indices increased by 51 and 42 points, respectively.

The Asian markets closed on a mixed bias on Thursday. Shanghai declined 0.38 per cent. Hang Seng to dropped 0.21 per cent. However, Nikkei rose 0.93 per cent. KOSPI increased 0.11 per cent but Taiwan’s TAIEX declined 0.26 per cent.

The European markets were also trading on weak sentiment.

Derivative Analysis

Nifty future closed on a positive note at 8,438. Going ahead, 8,488/8,384 will be the immediate support levels.