Markets recover at the fag end
DSIJ Intelligence / 03 Mar 2017
Indian markets remained weak on the last day of the week. However, markets were able to cover the day’s losses in the last hour of trading, but Nifty was not able to sustain above the psychological level of 8900.
Indian markets remained weak on the last day of the week. However, markets were able to cover the day’s losses in the last hour of trading, but Nifty was not able to sustain above the psychological level of 8900.
At the closing bell, Nifty ended at 8897, with loss of 2 points and BSE Sensex closed at 28832 with reduction of 7 points. On the NSE, 24 shares closed in the green, while 27 shares ended the day in the red.
Among sectoral indices, Consumer Durables, IT, Metals, Healthcare, Oil & Gas closed in the green with increase of 78 points, 65 points, 83 points, 57 points, 147 points, respectively. However, Auto, Bankex and FMCG ended the day in the red. Mid-cap and Small-cap indices declined 191 points and 178 points, respectively.
Asian markets traded in negative territory on Friday. Shanghai decreased 0.36 per cent, Hang Seng reduced 0.74 per cent, while Nikkei reduced 0.49 per cent. European markets were also trading weak.
Derivative Analysis
Nifty Future closed with a positive bias at 8931. Going ahead, 8979/8887 will be the immediate support levels.
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