Indian markets witness roller-coaster ride
DSIJ Intelligence / 13 Feb 2017
Indian markets started the week with positive sentiments, but witnessed a roller-coaster ride through the day. However, the markets ended on a positive note, with Nifty holding the level of 8800.
Indian markets started the week with positive sentiments, but witnessed a roller-coaster ride through the day. However, the markets ended on a positive note, with Nifty holding the level of 8800.
At the closing bell, Nifty ended with 8805, an increase of 11 points and BSE Sensex closed at 28351, up by 17 points. On the NSE, 25 shares closed in the green, while 26 shares ended the day in the red.
All indices closed in the red, except IT, Metals and Bankex. Consumer Durables declined 139 points, while FMCG and Capital Goods shed 23 points and 78 points, respectively. IT, Metals and Bankex increased 86 points, 35 points, 32 points, respectively. However, Mid-cap index declined by 50 points and Small-cap too fell 77 points.
The Asian markets remained positive on Monday. Shanghai rose 0.63 per cent. Hang Seng also increased 0.58 per cent. Nikkei increased 0.41 per cent. European markets were also trading in the positive zone.
Derivative Analysis
Nifty Future closed on a positive note at 8814. Going ahead, 8873/8769 will be the immediate support levels.
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