Indices Choppy At Closing Buzz

The Indian markets opened on a positive note in the morning, then turned negative. But, indices managed to recover in the closing buzz. Metal and Auto were the outperformers in today's session, whereas, Capital Goods and Bankex witnessed small profit booking. Nifty closed nominally positive by 8 points at 6704 and Sensex was 46 points higher at 22386.

The advance-decline ratio on NSE was on the positive side as the day ended with 2007 shares in green and 1380 shares in the red zone.

Top Nifty Gainers: Hindalco gained 8.2% in today’s trade, followed by Jindal Steel, Tata Steel, Sesa Sterlite and ACC.

Top Nifty Losers: ONGC closed the day lower by 3.25%, followed by IDFC, Dr Reddys, Power Grid Corp and Tech Mahindra.

Most of the sectoral indices closed on a positive note. Metals and Consumer Durables witnessed a good recovery of 374 points and 166 points respectively. Auto and Oil & Gas also recovered, around 137 points and 29 points respectively. Mid-Caps and Small-Caps witnessed a positive trade. However, Capital Goods and Bankex closed in the negative territory. 

All the major Asian markets closed the day on a positive note. Nikkei closed up by 131 points, whereas Hang Seng closed up by 85 points. Taiwan and Kospi also closed in the positive territory. 

Buzzer: ACC was up by more than 2.5% on the bourses today and closed near the technical level of Rs. 1400. If the stock opens above this level, it may touch  the mark of Rs. 1420/1445 in the next few sessions.

Nifty Future closed near the technical level of 6750, and also took immediate support at around 6700/6680 level, indicating a positive trend.