Choppy Day Closes On Flat Note.
Suparna / 28 Jan 2014
Markets today ended on a flat note witnessing an unstable trading session. The after effect of the RBI’s third quarter monetary policy review was a surprise package. At the end of the day Nifty was down by 9 points at 6126 and Sensex was 23 points lower at 20683
Indian markets witnessed an enormous action in today’s trade. Most of the active counters were Bankex, IT and Auto. However the Indices somehow witnessed covering at closing session. Nifty at the close of the day was down by 9 points at 6126 and Sensex was 23 points lower at 20683.
The advance-decline ratio on NSE was negative as the day ended with 1575 shares in green and 1603 shares in the red zone.
Top Nifty Gainers: Tata Steel gained 3.71% in today’s trade, followed by Ranbaxy Labs, Sesa Sterlite, Hindalco and Tata Motors.
Top Nifty Losers: Maruti Suzuki closed the day lower by 8.01%, followed by Axis Bank, Sun Pharma, Lupin and Infosys.
The sectoral indices also closed on a mixed note. IT and Health Care indices witnessed selling down by 100 points and 79 points respectively. Bankex was also down by 36 points. However Metals, Capital Goods and FMCG saw an upward move of around 50 points each. Mid-Caps and Small-Caps closed on flat with negative note.
The Asian markets closed on a negative note too. Nikkei ended lower by 25 points. Hang Seng closed 15 points down. However KOSPI and Taiwan were in positive territory.
Buzzer: Maruti lost more than 8% on the bourses today and closed below the technical level of Rs 1570. If the stock remains below this level, it may touch the Rs 1500 mark in the next few sessions.
Nifty Futures closed below the psychological level of 6150. Tomorrow’s opening will decide further move.
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