Indices Witness Profit Booking
Suparna / 24 Jan 2014
Indian markets witnessed a selling pressure all-day long till the end of the day. All the indices closed in the red zone. Consumer Durable, Bankex and Auto performed badly in current scenario. As a result Nifty closed the day down by 80 points at 6266 and Sensex was 240 points lower at 21133.
Indian markets witnessed a selling pressure all-day long till the end of the day. All the indices closed in the red zone. Consumer Durable, Bankex and Auto performed badly in current scenario. As a result Nifty closed the day down by 80 points at 6266 and Sensex was 240 points lower at 21133.
The advance-decline ratio on NSE was negative as the day ended with 1137 shares in green and 2035 shares in the red zone.
Top Nifty Gainers: Asian Paints gained 1.08% in today’s trade, followed by NMDC, NTPC, Reliance and Grasim.
Top Nifty Losers: Ranbaxy closed the day lower by 19.43%, followed by Ambuja Cement, PNB, JP Associates and Bank of Baroda.
All of the sectoral indices also closed on a negative note. Capital Goods index was the top loser for today’s session which tanked by 265 points. Bankex and Auto indices also witnessed selling down of around 100 points each. Mid-Caps and Small-Caps also saw a down-move by 118 points and 109 points respectively.
The Asian markets closed on a negative note. Nikkei ended lower by 304 points. Hang Seng closed 283 points down. KOSPI and Taiwan were in negative territory as well.
Buzzer: PNB lost more than 4.5% on the bourses today and closed below the technical level of Rs 590. If the stock remains below this level, it may touch the Rs 570 mark in the next few sessions.
Nifty Futures closed below the technical level of 6290, if it remains below this level we might see more pain ahead.
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