Massive Recovery On Closing
Suparna / 11 Dec 2013
After a negative opening, the Indian markets saw choppy trade in the mid-session. But the markets saw a massive recovery on the closing buzz to recover almost all the losses witnessed during the day. Nifty ended 24 points lower at 6307 and Sensex was down by 41 points to close at 21213.
After a negative opening, the Indian markets saw choppy trade in the mid-session. But the markets saw a massive recovery on the closing buzz to recover almost all the losses witnessed during the day. Nifty ended 24 points lower at 6307 and Sensex was down by 41 points to close at 21213. Both indices closed negative in the range of 0.19%-0.33%.
The advance-decline ratio on the NSE, remains in some negatives note. 1531 shares closed in the green and 1740 shares were in red.
Top Nifty Gainers: NTPC closed higher by 2.3% in today’s trades, followed by HCL Tech, HDFC, Coal India and ITC.
Top Nifty Losers: Tata Motors ended the day lower by 3.3%. Among the other stocks that closed in negatives were SBI, Bank Of Baroda, Bharti Airtel and BPCL.
Most of the sectoral indices closed on a negative note. Capital Goods and Auto were down by 143 points and 130 points respectively. Oil & Gas and Metals also moved lower by around 60 points. Bankex, Healthcare and IT indices remained under selling pressure. On the other hand, only FMCG sector surged up by 35 points. Mid-Caps and Small-Caps too closed on a mixed note.
In the Asian markets, Hang Seng was the top loser for the day, down by 405 points. Nikkei also lost 96 points. Taiwan Weighted, KOSPI and Shanghai Composite all closed in the red zone.
Buzzer: HCL Tech from last few trading session stock saw good volume and broke all its resistances on the higher side. The scrip also closed at the technical level above Rs 1150. If it continues to remain above this level, it may move up to the Rs 1200 mark in the next few sessions.
Nifty Futures consolidated in the range between 6335-6355. Tomorrow’s opening will decide further move.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.