Markets consolidate at higher levels
DSIJ Intelligence / 17 Mar 2017
Indian capital markets rallied in the first hour of trading, but soon thereafter, markets came off from the highs. Nifty was able to sustain 9150 levels.
Indian capital markets rallied in the first hour of trading, but soon thereafter, markets came off from the highs. Nifty was able to sustain 9150 levels.
Indian markets traded positive today and at the closing bell, Nifty ended at 9160, with gain of 6 points and BSE Sensex closed at 29648 with increment of 63 points. On the NSE, 15 shares closed in the green, while 36 shares ended the day in the red.
All indices closed in the red, except FMCG and IT. Bankex and Auto declined more than 100 points each. Oil & Gas, Capital Goods reduced more than 50 point each. FMCG increased 216 points and IT also rose 76 points. Mid-cap index decreased 19 points, while Small-cap increased 6 points.
Asian markets traded mixed on Friday. Shanghai decreased 0.96 per cent, Hang Seng increased 0.09 per cent, while Nikkei reduced 0.35 per cent. European markets were trading mixed.Derivative Analysis
Nifty Future closed negative at 9168. Going ahead, 9218/9006 will be the immediate support levels.
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