Bear-Hug

The Indian markets ended on a negative note with the markets trading in a wider range. Nifty closed with a negative bias of 51 points at 5694 and Sensex closed down by 123 points at 18,880. Both the indices ended down in the range of 0.90% -0.65%. Nifty has not managed to hold on to the levels of 5700 in the closing session. 

The advance-decline ratio was negative at the end of the day. On the NSE, 1190 shares ended in red and 263 shares ended in green.

Top 5 NSE Gainers: HUL was the top gainer, up by 3.3%, followed by Asian Paints, Cipla, Tata Motors, and Lupin.

Top 5 NSE Losers: Reliance Infra ended down by 9.2%, followed by Bharti Airtel, JP Associates, IDFC, and DLF.

Among the Asian peers, the markets in Hong Kong, Japan and China were closed in the same range as the afternoon trading session. 

All the sectors ended in a negative territory. Banks ended down by 2.1%, followed by Metals down by 1.3 %, Realty down by 4.9 %, and Oil and Gas down by 1.2 %. Capital Goods were down by 2.8%.

On the global front, the European markets are inching up. CAC 20 is trading higher, DAX has gained 37 points and FTSE has gained some points too.

Buzzers: Opto Circuits India, after the company’s mergers and acquisitions, partnerships and alliances and investment reports, offers a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organisation to sustain its competitive advantage. The stock broke down by 12.1% and closed at Rs 51.50.

Nifty did not manage to hold on to the 5750 level, which is its crucial support level on the daily charts. After this negative move, Nifty will have important support levels at 5690 and 5670.