Markets dragged down in second half of session

Indian capital markets remained quite volatile on Tuesday. The markets started the day with a positive bias, however all the gains were erased by the end of session. A North Korean official vowed frequent missile tests as tensions escalated in South-East Asia. The rising geopolitical tensions is giving jitters to the global capital markets. Nifty was not able to hold the level of 9150.

At the closing bell, Nifty ended at 9105, with loss of 34 points and BSE Sensex closed at 29319, a decline of 94 points. On the NSE, 13 shares closed in the green, while 38 shares ended the day in the red.

All indices closed the day in the red. Metals dragged the most with 203 points. Auto, Capital Goods, Consumer Durables and Healthcare indices dropped 164 points, 119 points, 113 points, 145 points, respectively. Mid-cap index reduced 90 points and Small-cap also declined 119 points.

Asian markets traded mixed on Tuesday. Shanghai decreased 0.79 per cent, Hang Seng also reduced 1.39 per cent. Nikkei increased 0.35 per cent. European markets were trading on weak sentiments.

Derivative Analysis

Nifty Future closed in the negative at 9116. Going ahead, 9150/9050 will be the immediate support levels.