Markets Dip At Closing Hour
Suparna / 30 Dec 2013
The Indian markets saw a deep cut at day’s end. Nifty was down 22 points at 6291 and Sensex lost 50 points to move to 21143. Most of the sectoral indices closed in the red, with Bankex leading the losses.
After a day of trades in a narrow range, the Indian markets witnessed a deep cut at closing. Bankex extended its losses to close lower. Nifty was down 22 points at 6291 and Sensex lost 50 points to move to 21143. Both indices closed lower by around 0.30%.
The advance-decline ratio on the NSE remained positive. 1688 shares closed in the green and 1548 shares were in red.
Top Nifty Gainers: BHEL gained 3.5% in today’s trades, followed by Coal India, Reliance, HDFC and HUL.
Top Nifty Losers: DLF closed the day lower by 3.18%. Among the other stocks that remained in negatives were Ranbaxy Labs, ACC, JP Associates and M&M.
Most of the sectors closed in the red. Bankex remained the highest loser today, down by 87 points. IT and Auto both closed lower by around 60 points. Mid-Cap and Small-Caps also ended on a negative note. The Metal and FMCG indices provided good support, finishing higher by 67 points and 21 points respectively.
The Asian indices saw some positive moves. Nikkei was the strongest gainer, up by around 112 points. Taiwan Weighted, KOSPI and Straits Times both closed nominally in positives.
Buzzer: BHEL gained more than 3.5% on the bourses and closed around the technical level of Rs 180. If the stock continues to remain above this level, it may touch the Rs 190 mark in the next few sessions.
Nifty Futures traded in a narrow range and got stuck at the higher level around 6400. The index may see panic selling if it drops below 6300.
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