Markets Hit By Macro Data, Nifty Recovers From Lower End

The Indian markets saw a wide trading range today. The Nifty witnessed some recovery in the last hour, ending 10 points lower at 5840. The Sensex, though, closed 10 points lower at 19740. On the currency side, the INR is showing a positive sentiment, moving above the 63 mark against the USD.

The advance-decline ratio was negative in the closing session. On the NSE, 1557 shares closed in green, while 1788 shares ended the day in red.

Top 5 Nifty Gainers: BPCL zoomed up by 4.1%, closing the day with the top gains on the NSE. IndusInd Bank, Maruti Suzuki, Bharti Airtel and ICICI Bank were among the others that ended higher.

Top 5 Nifty Losers: Ranbaxy Labs was the top loser, down by 30.34%, followed by BHEL, HCL Tech, UltraTech Cement and Sesa Goa were the others that ended lower.

The sectoral indices closed in the mixed zone. Health Care lost 231 points by day’s end, IT was down by 144 points and Metals dipped by 89 points. Mid-Caps and Small-Caps were both lower in the range of 30 points. Bankex and Auto, on the other hand, showed some uptrend and ended by 215 points and 41 points respectively.

In the global markets, the Hang Seng closed up by 337 points and Shanghai Composite also ended on a positive note. The FTSE, CAC and DAX markets were trading on a positive note.

Buzzer: ICICI Bank saw a good up-move over the past few days and made a high of Rs 989. The scrip has a technical hurdle ahead at Rs 1000. If it closes above this level, it may see bullish trades.

Nifty Futures took support at the 5800 mark and closed above 5850. The index may see strength above this level.