A Volatile But Positive Trading Day
Suparna / 10 Jan 2014
IT kept the markets in good spirits, while sectors like Bankex and Auto proved to be a drag. Nifty closed the day up by 3 points at 6171 and Sensex was 45 points higher at 20758.
The Indian markets closed flat, positive today, though the indices witnessed very wide and choppy movement till day’s end. IT kept the markets in good spirits, while sectors like Bankex and Auto were a drag. Nifty closed the day up by 3 points at 6171 and Sensex was 45 points higher at 20758.
The advance-decline ratio on the NSE was also in negatives by day’s end, with 1729 shares in green and 1296 shares in the red zone.
Top Nifty Gainers: Infosys gained 2.9% in today’s trades, followed by Wipro, ITC, TCS and Dr Reddys Labs.
Top Nifty Losers: IDFC closed the day lower by 2.9%, and IndusInd Bank, ICICI Bank, Coal India and Ranbaxy also ended in negatives.
Among the sectoral indices, Bankex was the highest loser, down by a whopping 193 points today. Metals dipped by 148 points and Auto closed 125 points lower. Mid-Caps and Small-Caps also ended in losses. Among the few indices in the green zone were IT and FMCG, up by 197 points and 92 points respectively. Oil & Gas and Healthcare were also up by around 25 points.
The Asian markets closed on a mixed note. Hang Seng ended 58 points up and Nikkei closed 31 points higher. KOSPI and Shanghai Composite were also in negatives.
Buzzer: IDFC lost more than 2.5% on the bourses today and closed below the technical level of Rs 100. If the stock remains below this level, it may touch the Rs 92 mark in the next few sessions.
Nifty Futures made a low at 6156. This will be a major support level for the next trading session.
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