The markets opened on a soft note amidst mixed global cues and moved lower on profit booking, touching the lowest point by the afternoon session. The markets gradually recovered the lost ground but ended the day with minimal losses. Among the Sectoral indices Healthcare witnessed some buying while Oil & Gas and Consumer duarbles witnessed selling. In the Sensex kitty Bharti Airtel (1.65%) and Hindalco (1.55%) were amongst the gainers while HUL (1.99%) and Maruti Suzuki (1.91%) were among the losers. The Sensex lost 39 points or 0.20% to close at 19,545 while Nifty lost 6 points or 0.10% to close at 5,868.
Total traded turnover stood at Rs 2,34,961 cr. In equities FIIs were net sellers of (Rs 554 cr) while DIIs were net buyers (Rs 162 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 264 cr), Stock Futures (Rs 543 cr) while they were net buyers in Index Options (Rs 693 cr) ,Stock Options (Rs 25 cr).
The US markets ended positive as investors remained optimistic due to strong corporate earnings being declared by companies like Ford Motor, 3M Co and United Parcel Services Inc. The Dow Jones gained 115 points or 0.93% to close at 12,595 while NASDAQ gained 22 points or 0.77% to close at 2,848.
The Asian markets are trading positive. Nikkei is trading higher by 1.29% while Hang Seng is trading higher by 0.51%.
The markets witnessed profit taking moving lower but managed to recover the losses to end with minimal gains. The markets may open on a positive note tracking positive global cues. Adopt a stock specific approach.
The trend deciding level for the day is 5851, If NIFTY trades above this level then we may witness a further rally up to 5885-5915-5940 levels. However, if NIFTY spot trades below 5851 levels then we may see some profit booking to initiate in market, it may correct up to 5830-5802-5770.
Stocks to focus for intraday long: Moser Baer, Havells, Gail
No comments:
Post a Comment