Choppy Trades End On Lower Side
Suparna / 11 Nov 2013
The indices did not manage to hold their gains, and saw another fall after mid-session. The Nifty closed 61 points lower at 6078 and Sensex was down by 175 points at 20490.
The Indian markets saw a volatile session today. The indices did not manage to hold their gains, and saw another fall after mid-session. The Nifty closed 61 points lower at 6078 and Sensex was down by 175 points at 20490. Both the indices ended negative in the range of 0.85%-1.01%.
On the NSE, 1444 shares closed in the green and 1781 shares were in the red.
Top 5 Nifty Gainers: Dr Reddy’s Labs closed with the highest gains on the index, up by 2.8%. Cairn India, Tata Steel, HDFC Bank and TCS were among the other stocks that ended the day higher.
Top 5 Nifty Losers: Hindalco closed lower by 4.2%, followed by Axis Bank, BPCL, ACC and NMDC.
All of the sectoral indices closed in the negative zone, apart from Healthcare and IT. Capital Goods was the top loser, down by 221 points. Bankex and Auto were hammered by 177 points and 154 points respectively. Oil & Gas and Metals lost 120 points each and FMCG dipped by 81 points. Mid-Caps and Small-Caps both closed lower by 45 points.
The Asian markets all ended the day in the red. Hang Seng was 325 points higher and Nikkei gained 183 points. Straits Times and Shanghai Composite also closed on a positive note.
Buzzer: The stock of Hindalco saw panic selling on the bourses after mid-session. It made an intraday low of Rs 110.80 and closed below the technical level of Rs 112. If the stock dips below this level, it may touch the Rs 100 mark in the next few trading sessions.
Nifty Futures has closed below the crucial support level of 6150. 6100 will be a vital support for tomorrow’s session.
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