Nifty Skids Below 6000 Mark

The advance-decline ratio is strong at this point of time. On NSE, 743 shares are trading in green and 625 shares are trading in red. 

Top 5 NSE Gainers: Bharat Petroleum ends the day as the top gainer on NSE, trading up by 3.45% followed by Dr Reddy’s Labs, Maruti Suzuki, Cipla and Bajaj Auto.

Top 5 NSE Losers: Jaiprakash Associates ended up as the top looser on NSE, down by 4.14% followed by DLF, Bharti Airtel, Ambuja Cement and Hindalco Industires.

Most of the sectors ended down. Consumer Durables and Health Care ended with gains in the range of 0.71%-1.71%. Realty, Metal and Bankex saw profit booking and ended in red.

European Markets inched up today. CAC 40 is trading higher by 0.93%, DAX is trading higher by 0.68% and FTSE 100 is trading higher by 0.51%.

Most of the Asian markets ended on a positive note. China’s Shanghai Composite ended higher by 1.39%, followed by Japan’s Nikkei 225 and Straits Times. KOSPI ended down by 0.21% and Hong Kong’s Hang Seng ended flat with a negative bias. 

Buzzers: Phoenix Mills hits a new 52-week high on account of heavy volumes. The stock touched an intraday high of Rs 285 and a low of Rs 275.3. It has seen a good momentum in the last trading session coupled with a rise in volume. In today’s trade, the stock closed with gains of 2.90% at Rs 279.90.

Jai Corp rallied more than 5% in the last hour of the trading session. The stock touched an intraday high of Rs 77.70 and an intraday low of Rs 73. It witnessed a sharp jump in volume in today’s trading session. Its previous day volume stands at 6,60,981 and today’s volume stands at 13,403,99.

Nifty, below 6015, made a low of 5983. Going ahead, the next support for Nifty stands at 5965 and 5935.