Sluggish Markets Close Nominally In Negatives
Suparna / 01 Jan 2014
Continuing to trade in a range, Nifty closed 2 points lower at 6301 and Sensex was down 30 points to move to 21140. The Small-Cap index was the top gainer for today, up by 98 points, while IT and Oil & Gas finished lower by 59 points and 32 points respectively.
The Indian markets have continued to trade in a narrow range for the past couple of sessions. Nifty closed 2 points lower at 6301 and Sensex was down 30 points to move to 21140. Both indices lost between 0.04%-0.14%.
The advance-decline ratio on the NSE remained positive. 1599 shares closed in the green and 884 shares were in red.
Top Nifty Gainers: Bharti Airtel gained 2.2% in today’s trades, followed by Ranbaxy Labs, DLF, Asian Paints and JP Associates.
Top Nifty Losers: Wipro closed the day lower by 1.1%. Among the other stocks in negatives were Tata Power, TCS, BHEL and Kotak Mahindra Bank.
Most of the sectoral indices stayed in the green zone. The Small-Cap index was the top gainer for today, up by 98 points. Healthcare and Consumer Durables both closed higher by around 52 points. The Auto and Metal indices also ended in positives. However, IT and Oil & Gas finished lower by 59 points and 32 points respectively.
Buzzer: DLF gained more than 2.04% on the bourses and closed around the technical level of Rs 170. If the stock sustains above this level, it may touch the Rs 185 mark in the next few sessions.
Nifty Futures has managed to hold the 6350 level, indicating good strength ahead.
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