Negative End For Nifty, FMCG Down 1.5%

The Indian markets saw a sell-off in the last hour of trade today. This is third consecutive trading session in which the Nifty ended on a negative note, down by 21 points at 5553. The Sensex, though, closed up by 60 points at 18,450. Both the indices ended with losses of 0.39%-0.32%.

The advance-decline ratio ended on the mixed side at the end of day. On the NSE, 700 shares closed in the green and 750 shares were in the red.

Top 5 NSE Gainers: Maruti Suzuki ended as the top gainer on the NSE, up by 7.2%. ONGC, Sesa Goa, BPCL and Hero MotoCorp also ended higher.

Top 5 NSE Losers: NMDC was down by 4.37% by the close of trade, followed by ITC, NTPC, HDFC, NTPC and IDFC.

Among the sectoral indices, Realty, Auto, Metal, Capital Goods and Banks were all down by 1.5%. Only the Oil & Gas index was up by 1.65%.

In the Asian markets, Japan’s Nikkei 255 was the top gainer, closing up by 199 points at 12,833. The KOSPI index and China’s Shanghai Composite closed flat with a negative bias. The Hang Seng dropped 600 points.

Buzzers: ICICI Bank was down by 1% at Rs 998. The stock closed below its support level. The final support is at Rs 990, and if it breaks that level, it can see a further down-move.

IDFC’s stock broke its support level and closed 2.02% down at Rs 145. If this trend continues, we can see this stock dropping lower.

The Nifty market has broken a stiff resistance around the levels of 5560-5555. If it sustains below these levels, it will go down further.