Markets slide down on third consecutive day
DSIJ Intelligence / 22 Mar 2017
Indian capital markets continued their downward slide on the third straight day on Wednesday following weak global cues. Nifty was not able to sustain the 9050 level.
Indian capital markets continued their downward slide on the third straight day on Wednesday following weak global cues. Nifty was not able to sustain the 9050 level.
At the closing bell, Nifty ended at 9028, with loss of 93 points and the BSE Sensex closed at 29164, shedding 321 points. On the NSE, 11 shares closed in the green, while 40 shares ended the day in the red.
All indices closed in the red. Auto index dropped the most with 367 points, followed by Consumer Durables with a fall of 348 points. Bankex declined 263 points, while Metals, FMCG and Capital Goods decreased more than 100 points each. Mid-cap index declined 166 points and Small-cap also reduced 133 points.
Asian markets traded negative on Wednesday. Shanghai decreased 0.5 per cent, Hang Seng declined 1.11 per cent, while Nikkei dropped 2.13 per cent. European markets were trading with negative sentiments following global cues.
Derivative Analysis
Nifty Future closed on a negative note at 9046. Going ahead, 9084/8974 will be the immediate support levels.
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