Markets End With Nominal Gains, Capital Goods Up 2.9%

The Indian markets saw a selling in the closing trading session. However, it recovered all the losses in the early noon trade, and finally closed with a nominal gain as the Nifty was up by 17 points at 6190 and Sensex closed at 20280, up by 38 points. Both the indices ended in green with gains of 0.28%-0.38%.

The advance–decline ratio ended on a negative side at the end of day. On the NSE, 604 shares closed in green and 712 shares closed in red. 

Top 5 NSE Gainers: BHEL ended up by 3.7% as the top gainer on the NSE, followed by JP Associates, DLF, Rel Infra and NTPC.

Top 5 NSE Losers: HCL Tech ended the day as the top loser on the NSE, down by 2.6%, followed by IndusInd Bank, Dr Reddy’s Labs, Bharti Airtel and NMDC. 

Five out of the 13 sectors ended on a negative note. Capital Goods was the leader of today’s session, up by 298 points, Banks was up by 85 points, Consumer Durables and Healthcare traded in the red zone, down by 54 points and 35 points respectively, while Mid-Cap and Small-Caps ended on a positive note.

The Asian markets closed flat with a positive bias. Japan’s Nikkei closed in green, up by 100 points. Hang Seng was up by 38 points, KOSPI and China’s Shanghai Composite closed up by 15 points and 30 points respectively. 

Buzzers: BHEL made a new high at Rs 204 and managed to close around Rs 201. From this level, the stock has a hurdle at Rs 200 and if it closes above this level, we will see a further up-move.   

The Nifty did not close above the level of 6200 but the market broke its stiff resistance around the level of 6200. If Nifty sustains below this level, we will see a further up-move.