Markets triggered selloffs on last day of the week
DSIJ Intelligence / 05 May 2017
Indian capital markets shed the entire week’s gain and also witnessed sluggish trade pattern. Nifty was not able to sustain the coveted 9300 mark.
Indian capital markets shed the entire week’s gain and also witnessed sluggish trade pattern. Nifty was not able to sustain the coveted 9300 mark.
At the closing bell, Nifty ended at 9285 with loss of 74 points and BSE Sensex closed at 29858, reduction of 267 points. On the NSE, 14 shares closed in the green while 37 shares ended the day in the red.
All indices closed in the red. Metals, auto and oil & gas tumbled most with more than 250 points each. Bankex, Capital Goods and FMCG also lost more than 100 points each. Mid-cap index decreased 179 points and small-cap also lost 129 points.
Asian markets traded mixed on Friday. Shanghai clocked a fall of 0.78 per cent, Hang Seng declined by 0.84 points. Nikkei remained closed on May 5. European markets were trading negative sentiments at the time of filing this report at 1600 hours.
Derivative Analysis
Nifty Future closed in negative at 9313. Going ahead, 9375/9270 will be the immediate support levels.
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