The markets opened on a soft note but soon moved up touching the highest point in the early session post which they continued to trade in a narrow range and ended the day marginally lower. Among the Sectoral indices Consumer Durables & IT gained while Realty and Oil & Gas were among the losers. In the Sensex kitty Sterlite (4.40%), SBI (2.06%) & Maruti Suzuki (1.53%) were amongst the gainers while RIL (2.97%), DLF (2.25%) and RCom (1.41%) were among the losers. The Sensex lost 18 points or 0.09% to close at 19,584 while Nifty lost 10 points or 0.17% to close at 5,875.
Total traded turnover stood at Rs 1,25,171 cr. In equities FIIs were net sellers of (Rs 378 cr) while DIIs were net buyers (Rs 237 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 33 cr), while they were net sellers in Index Options (Rs 262 cr) and Stock Futures (Rs 308 cr) Stock Options (Rs 16 cr).
The US markets ended mixed amidst light volumes and concerns over increasing inflation. The Dow Jones lost 26 points or 0.21% to close at 12,480 while NASDAQ gained 5 points or 0.20% to close at 2,826.
The Asian markets are trading lower. Nikkei is trading lower by 0.98% while Hang Seng is trading lower by 0.71%.
The markets closed marginally lower after trading in the tight range throughout. The declines outnumbered the advances. The markets may open on a soft tracking mixed global cues. Maintain a stock specific approach.
The trend deciding level for the day is 5880,If NIFTY trades above this level then we may witness a further rally up to 5900‐5930‐5965 levels. However, if NIFTY spot trades below 5880 levels then we may see some profit booking to initiate in market, it may correct up to 5850‐5830‐5802.
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