Markets lose sheen at the end of session
DSIJ Intelligence / 10 Mar 2017
Indian markets traded with a positive bias on Friday’s session on the back of exit poll projections of BJP emerging as the frontrunner in the polls of five states.
Indian markets traded with a positive bias on Friday’s session on the back of exit poll projections of BJP emerging as the frontrunner in the polls of five states. However, after the first-half of the trading session, markets traded flat. Nifty was not able to sustain the level of 8950.
At the closing bell, Nifty ended at 8934, with gain of 7 points and BSE Sensex closed at 28946 with increase of 17 points. On the NSE, 22 shares closed in the green, while 29 shares ended the day in the red.
All indices closed in the red except Bankex, Capital Goods, Consumer Durables and Auto. Metals declined 75 points. Oil & Gas also decreased 52 points. Capital Goods increased 72 points. Auto index rose 58 points. Mid-cap and Small-cap indices declined 34 points and 15 points, respectively.
Asian markets traded mixed on Friday. Shanghai declined 0.12 per cent, Hang Seng increased 0.29 per cent and Nikkei rose 1.48 per cent. European markets were trading in positive territory.
Derivative Analysis
Nifty Future closed flat at 8954. Going ahead, 8985/8933 will be the immediate support levels.
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