Indian markets end with rangebound session
DSIJ Intelligence / 14 Feb 2017
Indian markets remained flat on the second day in a row. More than 100 companies declared their Q3FY17 results on Tuesday.
Indian markets remained flat on the second day in a row. More than 100 companies declared their Q3FY17 results on Tuesday. The markets traded in a rangebound manner during the day. Meanwhile, Nifty was not able to hold the level of 8800.
At the closing bell, Nifty ended at 8792 with loss of 12 points and BSE Sensex closed at 28339, a fall of 12 points. On the NSE, 21 shares closed in the green, while 30 shares ended the day in the red.
All indices closed in the red, except Bankex and IT. Auto and Metals declined 242 points and 109 points, respectively, while Healthcare and Consumer Durables indices decreased about 67 points each. IT and Bankex remained positive and closed about 9 and 19 points higher, respectively. However, Mid-cap index declined 75 points and Small-cap too fell 84 points.
Asian markets remained mixed on Tuesday. Shanghai rose 0.03 per cent. Hang Seng decreased 1.13 per cent. Nikkei dropped 1.13 per cent. European markets were also trading mixed.
Derivative Analysis
Nifty Future closed on flat to negative note at 8806. Going ahead, 8857/8769 will be the immediate support levels.
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