The markets opened on a weak note and though negative continued to trade sideways for most of the session. The markets temporarily edged up into the positive territory but could not sustain the gains and ended the day with marginal losses. Among the Sectoral indices Auto & IT ended in the red while Oil & Gas ended with gains of more than 1%. Among the Sensex stocks ONGC (4.78%) HDFC Bank (1.35%) & SBI (1.33%) were amongst the gainers while Bajaj Auto (4.82%), Hero Honda (3.63%) and HDFC (2.89%) were among the losers. The Sensex lost 65 points or 0.35% to close at 18,469 while Nifty lost 28 points or 0.50% to close at 5,537.
Total traded turnover stood at Rs 1,34,769 cr. In equities FIIs were net sellers of (Rs 992 cr) while DIIs were net buyers (Rs 914 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 611 cr), Stock Futures (Rs 172 cr) while they were net buyers in Index Options (Rs 520 cr) and Stock Options (Rs 13 cr).
The US markets ended lower led by correction in energy and Industrial stocks and investors remained cautious on weak economic data. The Dow Jones lost 84 points or 0.66% to close at 12,724 while NASDAQ dropped 13 points or 0.47% to close at 2,828.
The Asian markets are trading marginally lower. Hang Seng is trading lower by 0.12% while Nikkei is shut for trading today.
The markets closed lower for the eighth consecutive session. FIIs continued to sell while DIIs supported by buying in the cash segment. The markets may open on a soft note tracking weak global cues. Maintain a stock specific approach.
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