Markets dither ahead of exit polls
DSIJ Intelligence / 08 Mar 2017
Indian markets tread nervously on Wednesday, ahead of state elections exit polls, and especially wary of the outcome of UP polls.
Indian markets tread nervously on Wednesday, ahead of state elections exit polls, and especially wary of the outcome of UP polls. Nifty was not able to sustain the psychological level of 8950.
At the closing bell, Nifty ended at 8924, with loss of 22 points and BSE Sensex closed at 28901 with a decline of 97 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 Bankex and Healthcare. Auto index lost 103 points. Oil & Gas also declined 188 points. Metals fell 228 points. Mid-cap and Small-cap indices shed 75 points and 42 points, respectively.
Asian markets traded mixed on Wednesday. Shanghai declined 0.05 per cent, Hang Seng increased 0.43 per cent, while Nikkei dropped 0.47 per cent. European markets were also trading weak.
Derivative Analysis
Nifty Future closed with a negative bias at 8954. Going ahead, 8985/8933 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.