Indian markets end with weak sentiment
DSIJ Intelligence / 28 Feb 2017
Indian markets continued on a cautious note on second consecutive day. Nifty was not able to sustain the psychological level of 8900.
Indian markets continued on a cautious note on second consecutive day. Nifty was not able to sustain the psychological level of 8900. Markets remained weak ahead of Q3FY17 GD data which is to be announced on Tuesday evening.
At the closing bell, Nifty ended at 8879, with loss of 17 points and BSE Sensex closed at 28743 with decline of 69 points. On the NSE, 20 shares closed in the green, while 31 shares ended the day in the red.
All indices closed in the red, except Capital Goods, Consumer Durables, IT and Metals. Oil & Gas index decreased 183 points. Auto index reduced 52 points. Capital goods increased 100 points. Mid-cap and Small-cap indices increased 18 points and 80 points, respectively.
Asian markets remained mixed on Tuesday. Shanghai increased 0.40 per cent, Hang Seng declined 0.77 per cent, while Nikkei increased 0.06 per cent. European markets were also trading mixed.
Derivative Analysis
Nifty Future closed with negative bias at 8913. Going ahead, 8967/8890 will be the immediate support levels.
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