Markets Close At Lower End, Bankex Down 1%
Suparna / 26 Nov 2013
The Indian markets remained under selling pressure today. Most of the selling was witnessed in the Bankex and Oil & Gas sectors. By the end of the day, Nifty closed 56 points lower at 6059 and Sensex was down 180 points at 20425.
The Indian markets struggled to recover some losses in mid-session, but remained under selling pressure and closed at the lower end. Most of the selling was witnessed in the Bankex and Oil & Gas sectors. By the end of the day, Nifty closed 56 points lower at 6059 and Sensex was down 180 points at 20425. Both indices closed lower in the range of 0.87%-0.92%.
The advance-decline ratio on the NSE was on the negative side, with 1425 shares closing in the green and 1854 shares in the red.
Top 5 Nifty Gainers: BHEL closed higher by 2.3% today, followed by Lupin, HUL, Tata Motors and Hero MotoCorp.
Top 5 Nifty Losers: BPCL ended the day 6.4% lower. Bank of Baroda, NMDC, ICICI Bank and Bharti Airtel were among the others in losses.
Apart from Auto and Capital Goods, all the sectoral indices closed on a negative note. Bankex and Oil & Gas dragged the markets on the lower side, down by 190 points and 105 points respectively. FMCG, Healthcare and Metals were all down by over 50 points. Mid-Caps and Small-Caps have lost 50 points and 16 points respectively.
In the Asian markets, Nikkei dipped by 103 points, and Hang Seng and Straits Times ended with nominal losses. Taiwan Weighted, on the other hand, saw gains of 60 points.
Buzzer: Tata Motors has witnessed a good amount of buying over the past few trading sessions. The stock made an intraday high of Rs 391 and closed around the top level. If the scrip opens above this level in tomorrow’s session, it may touch the Rs 400 mark.
Nifty Futures closed below the first support of 6080 today. Traders will be eyeing the 6000 level for tomorrow’s session.
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