Closing Session Sees Flattish Trades
Suparna / 24 Sep 2013
The Indian markets continued to trade in a small range after mid-session. The Nifty ended the day on a flattish note, up by 2 points at the 5892 level, and Sensex ended 27 points higher at 19927.
The Indian markets continued to trade in a small range after mid-session. The market scenario was directionless after last week’s trades. The Nifty ended the day on a flattish note, up by 2 points at the 5892 level, and Sensex ended 27 points higher at 19927. Both of the indices ended up in the range of 0.05%-0.14%.
The advance-decline ratio was negative in the closing session. On the NSE, 1620 shares closed in green, while 1711 shares ended the day in red.
Top 5 Nifty Gainers: Bajaj Auto closed the day with the highest gains on the index, up by 2.65%. Tata Power, NTPC, Larsen & Tubro and UltraTech Cement were among the others that ended higher.
Top 5 Nifty Losers: Hindalco crashed by 3.9% today. Coal India, BPCL, Jindal Steel and HCL Tech also closed the day’s trades in negatives.
Most of the sectoral indices closed in the red zone. Among those in positives, Auto gained 116 points by day’s end and Capital Goods was up by 81 points. Health Care closed higher by around 20 points. Mid-Caps and Small-Caps ended near yesterday’s closing. However, Metals closed at the lower end, down by 86 points.
In the Asian markets, the Hang Seng closed down by 192 points and Shanghai Composite also ended 13 points lower. The Nikkei and KOSPI closed in the red zone.
Buzzer: UltraTech Cement moved up by 1.6%, making an intraday high of Rs 1829 today. The price hikes in cement boosted the stock. For tomorrow’s trading session, Rs 1830 will be a strong resistance level for the scrip.
As for the Nifty Futures, 5880 will be a major support level and 5950 will be a resistance.
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