Markets Close In Negatives

After seeing selling pressure in mid-session, the markets continued with this negative movement to close the day lower. Nifty ended the day down by 14 points at 6164, while Sensex ended 42 points lower at 20725. Both indices ended negative in the range of 0.14%-0.42%.

The advance-decline ratio was in the negative. On the NSE, 1493 shares closed in green, while 1632 shares ended in red.

Top 5 Nifty Gainers: Ranbaxy Labs closed the day with the highest gains on the index, up by 2.9%. M&M, NMDC, IDFC and L&T were among the others that ended higher.

Top 5 Nifty Losers: HCL Tech closed down by 4.7%, followed by Wipro, Coal India, TCS and Jindal Steel. 

Among the sectoral indices, Capital Goods was the strongest performer today, up by 102 points. Auto and Bankex moved up by 72 points and 41 points respectively. Most of the selling was seen in IT and Metals, which were down by 149 points and 57 points respectively. Healthcare and Oil & Gas also moved downward by over 50 points each. Mid-Caps and Small-Caps ended in the red zone.

The scenario turned in the Asian markets, with the Nikkei closing higher by 60 points and Taiwan Weighted up by 20 points. The Hang Seng closed in losses, down by 164 points.

Buzzer: The stock of HCL Tech dipped by 4.7% today. Its broke all its major supports and closed below the technical level of Rs 1055. If the stock sustains below this level, it may see more negative trades in the next few days.

Nifty Futures could not manage to hold the higher levels and closed below the technical level of 6200 yet again. This indicates that the market has a stiff barrier at the upper level.