Indian markets start March expiry with negative bias
DSIJ Intelligence / 27 Feb 2017
Indian markets started the week on a cautious note, witnessing a halt in the six days of gaining streak. Nifty was not able to sustain above the psychological level of 8900.
Indian markets started the week on a cautious note, witnessing a halt in the six days of gaining streak. Nifty was not able to sustain above the psychological level of 8900.
At the closing bell, Nifty ended at 8896, with loss of 42 points and BSE Sensex closed at 28812 with a decline of 80 points. On the NSE, 8 shares closed in the green, while 43 shares ended the day in the red.
All indices closed in the red, except Oil & Gas, IT, Healthcare and Consumer Durables. Auto index decreased 215 points. Bankex reduced 331 points. Capital goods also decreased 105 points. However, Oil & Gas and Auto increased 93 points. Mid-cap and Small-cap indices increased 1 point and 22 points, respectively.
Asian markets remained negative on Monday. Shanghai reduced 0.76 per cent, Hang Seng declined 0.17 per cent, while Nikkei decreased 0.91 per cent. European markets were trading mixed.
Derivative Analysis
Nifty Future closed with a negative bias at 8919. Going ahead, 8967/8890 will be the immediate support levels.
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