Tata Motors drag down Indian markets
DSIJ Intelligence / 15 Feb 2017
Indian markets dragged lower after flat trading in the last two consecutive sessions. BSE Sensex and Nifty have witnessed more than 40 per cent of fall due to Tata Motors and Tata Motors DVR which declined more than 10 per cent each.
Indian markets dragged lower after flat trading in the last two consecutive sessions. BSE Sensex and Nifty have witnessed more than 40 per cent of fall due to Tata Motors and Tata Motors DVR which declined more than 10 per cent each.
At the closing bell, Nifty ended at 8725 with loss of 67 points and BSE Sensex closed at 28156 with reduction of 183 points. On the NSE, 12 shares closed in the green, while 38 shares ended the day in the red and one remained unchanged.
All indices closed in the red, except FMCG. Auto index dropped more than 665 points. Healthcare decreased 285 points. Consumer Durables declined 215 points. Metals, Oil & Gas and Bankex dropped almost 150 points each. However, Mid-cap declined 154 points and Small-cap too fell 204 points.
Asian markets remained mixed on Wednesday. Shanghai reduced 0.15 per cent. Hang Seng increased 1.23 per cent. Nikkei rose 1.03 per cent. European markets were trading on positive ground.
Derivative Analysis
Nifty Future closed with a negative bias at 8749. Going ahead, 8807/8675 will be the immediate support levels.
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