Indices Choppy At Closing, Auto Falls By 1%

The Indian market witnessed a choppy trade in closing session. However, Capital Goods and Consumer Durables were top gainers for today’s session. On the other hand Auto, Metals and IT saw profit booking at the higher level. Nifty closed the day up by 6 points at 6345 and Sensex was 35 points higher at 21373.

The advance-decline ratio on the NSE was negative as the day ended, with 1482 shares in green and 1707 shares in the red zone.

Top Nifty Gainers: L&T gained 2.8% in today’s trade, followed by Axis bank, GAIL, Jindal Steel and Sun Pharma.

Top Nifty Losers: M&M closed the day lower by 2.88%, followed by HCL Tech, ONGC, PNB and NTPC.

Most of the sectoral indices closed on a negative note. Auto index was the top loser for today’s session which tanked by 129 points. Metals and Oil & Gas indices also witnessed selling down by 50 points each. Mid-Caps and Small-Caps also saw a down-move by 31 points and 8 points respectively. However Capital Goods and Consumer Durables indices closed in positive territory up by more than 100 points each. 

The Asian markets closed on a negative note. Nikkei ended lower by 125 points. Hang Seng closed 348 points down. KOSPI and Taiwan were in negative territory as well.

Buzzer: M&M lost more than 2.5% on the bourses today and closed below the technical level of Rs 900. If the stock remains below this level, it may touch the Rs 870 mark in the next few sessions.

Nifty Futures closed above 6350, indicating more buying above this level. The level of 6320-6300 will be immediate supports for next session.