Markets Witness Choppy Trade

The Indian markets continued to trade volatile in the last hour of trade. The Nifty, after touching a high of 5971 in the afternoon trading session, closed marginally down by 3 points at 5942 and Sensex closed at 19,608, down by 74 points. 

The advance–decline ratio ended on a negative side at the end of the day. On the NSE, 724 shares closed in red and 690 shares closed in green. 

Top 5 Gainers on NSE: Siemens ended up by 5.52% as the top gainer on NSE, followed by DLF, Tata Power, HDFC and Asian Paints.

Top 5 losers on NSE: Hero MotoCorp ended the day as the top loser on NSE, down by 2.62%, followed by IDFC, Bharat Petroleum, Bajaj Auto and Wipro. 

Most of the sectors ended in red. Realty and Capital Goods closed up in the range of 0.56%-1.16%. On the flip side, Consumer Durables witnessed a selling pressure and ended down by 1.48%, followed by IT and Metal.

The European markets are trading in red. The CAC 40 is trading down by 0.35%, followed by DAX and FTSE 100.
The Asian markets closed on mixed cues. Japan’s Nikkei 225 closed up by 0.53%, followed by Strait Times, Taiwan Weighted and Hang Seng. Shanghai Composite closed in red, down by 0.43% followed by KOSPI. 

Buzzers: Alembic Pharma has rallied more than 9% to close at Rs 109, extending its over 20% gain in the past four trading sessions after the company received approval of NDA (New Drug application) for Desvenlafaxine ER, the drug used for treatment of depression and is a bio-equivalent version of Pristiq by Pfizer. 

The Railway Stocks were in the limelight in the last hour of trade. The stocks like Kalindee, Kernex Micro and Elcon Engineering rallied more than 4% over heavy volumes.  

As we mentioned in our update, the market will be in the range of 5935-5970, a fresh move is only expected if the market sustains above 5975-5980.