Indices Recover From Lower Ends
Suparna / 30 Jan 2014
Markets observed some recovery at the end of the trading session today. Nifty and Sensex both were down by 46 points and 149 points respectively. Mid and small caps closed on a negative note, while Consumer Durables saw an upward movement.
The Indian markets witnessed massive recovery from lower ends in closing trading session. Consumer Durables and Auto managed to close in positive territory. However Nifty at the close of the day was down by 46 points at 6073 and Sensex was 149 points lower at 20498.
The advance-decline ratio on NSE was negative as the day ended with 1160 shares in green and 2047 shares in the red zone.
Top Nifty Gainers: Tata Motors gained 2.84% in today’s trade, followed by Bharti Airtel, BHEL, BHEL, GAIL and HCL Tech.
Top Nifty Losers: DLF closed the day lower by 4.57%, followed by Bank of India, PNB, SBIN and Hero Motocorp.
Most of the sectoral indices also closed on negative note. Bankex and Metals indices witnessed selling by 318 points and 233 points respectively. Capital Goods and FMCG also were down by 60 points each. Mid-Caps and Small-Caps closed on negative note. However Consumer Durables and Auto saw an upward movement.
The Asian markets closed on a negative note too. Nikkei ended lower by 376 points. Hang Seng closed at 106 points down. Taiwan and Shanghai Composite were in negative territory.
Buzzer: DLF lost more than 4% on the bourses today and closed below the technical level of Rs 135. If the stock remains below this level, it may touch the Rs 125 mark in the next few sessions.
Nifty Futures closed above 6050, may see some recover if it sustain the level of 6000.
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