Indian markets start week on a negative note
DSIJ Intelligence / 10 Apr 2017
Indian capital markets continued to trade weak on the first day of the week and the second trading session in a row. Nifty was not able to hold above the level of 9200.
Indian capital markets continued to trade weak on the first day of the week and the second trading session in a row. Nifty was not able to hold above the level of 9200.
At the closing bell, Nifty ended at 9181, with a loss of 16 points and BSE Sensex closed at 29575, a decline of 130 points. On the NSE, 29 shares closed in the green, while 22 shares ended the day in the red.
All indices closed in the green, except IT and Consumer Durables. Bankex, Metals and Oil & Gas increased more than 100 points each. Capital Goods rose 15 points and Auto also increased 71 points. IT index dropped 164 points and Consumer Durables declined 65 points. Mid-cap index increased 89 points and Small-cap rose 94 points.
Asian markets traded mixed on Monday. Shanghai decreased 0.52 per cent, Hang Seng also reduced 0.02 per cent. However, Nikkei rose 0.71 per cent. European markets were trading mixed.
Derivative Analysis
Nifty Future closed in the negative at 9209. Going ahead, 9268/9168 will be the immediate support levels.
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