Nifty Closes Below 6200, JP Associates Down 4%
Suparna / 09 Jan 2014
The Indian markets ended flat, negative today, with the Capital Goods, Bankex and Auto indices hammered. Nifty closed the day down by 6 points at 6168 and Sensex was 16 points lower at 20713.
The Indian markets ended flat, negative today. The Capital Goods, Bankex and Auto sectors were hammered. However, Metals, Oil & Gas and Healthcare provided some support. Nifty closed the day down by 6 points at 6168 and Sensex was 16 points lower at 20713.
The advance-decline ratio on the NSE was also in negatives by day’s end, with 1413 shares in green and 1605 shares in the red zone.
Top Nifty Gainers: Sesa Sterlite gained 4.6% in today’s trades, followed by NTPC, HCL Tech, ONGC and BPCL.
Top Nifty Losers: JP Associates closed the day lower by 4.12%. ACC, L&T, Ambuja Cements and Hindalco were among the other stocks in negatives.
Among the sectoral indices, Capital Goods lost 197 points today, Bankex was down by 93 points and Auto was lower by 69 points. Mid-Caps and Small Caps also ended in losses. Metals and Oil & Gas closed in the green zone, up by 101 points and 64 points respectively, while IT and Healthcare were both up around by 45 points.
The Asian markets closed on a negative note. Nikkei ended 241 points down and Hang Seng was 209 points lower. Taiwan Weighted and Straits Times were also in negatives.
Buzzer: JP Associates lost more than 4% on the bourses today and closed below the technical level of Rs 50. If the stock remains below this level, it may touch the Rs 45 mark in the next few sessions.
Nifty Futures has continued to close below the 6200 level, indicating more downward moves ahead.
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