Indices Close On A Flattish Note

Suparna / 16 Jan 2014

Indices Close On A Flattish Note

The Indian markets witnessed trade in a small range till closing session. Metal sector was the top gainer in today’s session, up by 167 points. The Nifty closed the day down by 2 points at 6318 and Sensex was 24 points lower at 21265.

The Indian markets witnessed trade in a small range till closing session. Metal sector was the top gainer in today’s session, up by 167 points. The Nifty closed the day down by 2 points at 6318 and Sensex was 24 points lower at 21265.

The advance-decline ratio on the NSE was in the negative by day’s end, with 1352 shares in green and 1735 shares in the red zone.

Top Nifty Gainers: HCL Tech gained 4.5% in today’s trades, followed by Coal India, UltraTech Cement, BHEL and Wipro.

Top Nifty Losers:  Bharti Airtel closed the day lower by 4.8%, followed by Tata Motors, Sun Pharma, ONGC and M&M.

Among the sectoral indices, Metal index was the top gainer for today’s session up by 167 points. IT and Capital Goods indices also witnessed buying, up by 54 points and 24 points respectively. Auto index was the top loser for the day down by 101 points. Indices like FMCG and Healthcare also closed in red down by 50 points each. Bankex and Oil & Gas indices also closed on a negative note.

The Asian markets closed on a mixed note. Nikkei ended lower by 61 points. However Hang Seng closed 84 points up. KOSPI and Taiwan were also in positive territory.

Buzzer: Coal India gained more than 2% on the bourses today and closed above the technical level of Rs 300. If the stock remains above this level, it may touch the Rs 320 mark in the next few sessions.

Nifty Futures closing above 6300 is a positive indicator for next trading session. 

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