Markets trade flat ahead of exit polls
DSIJ Intelligence / 09 Mar 2017
Indian markets traded flat ahead of the state elections exit polls, especially the UP polls. Nifty was able to sustain the level of 8900.
Indian markets traded flat ahead of the state elections exit polls, especially the UP polls. Nifty was able to sustain the level of 8900.
At the closing bell, Nifty ended at 8927, with a gain of 2 points and BSE Sensex closed at 28929 with increment of 27 points. On the NSE, 27 shares closed in the green, while 24 shares ended the day in the red.
All indices closed in the green except Healthcare, Metals and Oil & Gas. Auto index increased 121 points. But Oil & Gas declined 87 points, Metals fell 76 points, while Mid-cap and Small-cap indices decreased 28 points and 12 points, respectively.
Asian markets traded mixed on Thursday. Shanghai fell 0.74 per cent, Hang Seng dropped 1.18 per cent, while Nikkei increased 0.34 per cent. European markets were also trading in the negative territory.
Derivative Analysis
Nifty Future closed with a positive bias at 8956. Going ahead, 8985/8933 will be the immediate support levels.
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