Nifty Close On The Lower End
Suparna / 14 Jan 2014
The Indian markets witnessed selling since the morning session and that continued till closing. Metal was the top loser of today’s trade. The Nifty closed the day down by 30 points at 6241 and Sensex was 101 points lower at 21032.
The Indian markets witnessed selling since the morning session and that continued till closing. Metal was the top loser of today’s trade. The Nifty closed the day down by 30 points at 6241 and Sensex was 101 points lower at 21032.
The advance-decline ratio on the NSE was in the negative by day’s end, with 1442 shares in green and 1657 shares in the red zone.
Top Nifty Gainers: Cipla gained 2.2% in today’s trades, followed by Cairn India, Lupin, IndusInd Bank and Dr Reddy’s Labs.
Top Nifty Losers: Tata Steel closed the day lower by 3.1%, and DLF, Jindal Steel, NMDC, and Ranabxy Labs also ended in negative.
Among the sectoral indices, Metal index was the top loser for today’s session down by 134 points. Bankex, Capital Goods, Auto and IT indices also witnessed selling, down more than 50 points each. However Healthcare saw up move by 67 points.
The Asian markets closed on a negative note. Nikkei ended lower by 489 points and Hang Seng closed 97 points lower. KOSPI and Taiwan were also in negative.
Buzzer: Tata Steel lost more than 2% on the bourses today and closed below the technical level of Rs 380. If the stock remains below this level, it may touch the Rs 355 mark in the next few sessions.
Nifty Futures closed on the pivot level which is 6262. Tomorrow’s opening will decide further move.
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