Markets close weak on profit booking
DSIJ Intelligence / 07 Mar 2017
After hovering near the two-year high, Indian markets witnessed weak sentiments due to emergence of profit booking on Tuesday. Nifty was not able to sustain the psychological level of 8950.
After hovering near the two-year high, Indian markets witnessed weak sentiments due to emergence of profit booking on Tuesday. Nifty was not able to sustain the psychological level of 8950.
At the closing bell, Nifty ended at 8946, with loss of 16 points and BSE Sensex closed at 28999 with reduction of 48 points. On the NSE, 17 shares closed in the green, while 34 shares ended the day in the red.
All indices closed in the red, except Capital Goods, FMCG, Oil & Gas and Consumer Durables. Auto index declined 109 points. Bankex fell 48 points. Metals slid 217 points. However, Mid-cap and Small-cap indices increased 18 points and 4 points, respectively.
Asian markets traded mixed on Tuesday. Shanghai increased 0.26 per cent, Hang Seng rose 0.36 per cent, while Nikkei reduced 0.18 per cent. European markets were also trading mixed.
Derivative Analysis
Nifty Future closed with negative bias at 8973. Going ahead, 9015/8950 will be the immediate support levels.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.