The markets opened on a positive note and witnessed volatility in the morning trade post which they continued to trade sideways till the afternoon session. The markets moved lower in the afternoon session and again witnessed volatility before ending on a weak note. Among the Sectoral indices PSU & FMCG gained while Realty and Capital Goods were among the losers. In the Sensex kitty ONGC (2.57%), M&M (1.61%) & Maruti Suzuki (1.10%) were amongst the gainers while Wipro (2.86%), Jaiprakash Asso (2.26%) and BHEL(2.30%) were among the losers. The Sensex lost 97 points or 0.49% to close at 19,449 while Nifty lost 35 points or 0.59% to close at 5,834.
Total traded turnover stood at Rs 1,98,744 cr. In equities FIIs were net sellers of (Rs 711 cr) while DIIs were net buyers (Rs 299 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 385 cr), Stock Futures (Rs 407cr), Stock Options (Rs 24 cr) while they were net buyers in Index Options (Rs 490 cr).
The US markets ended positive as stocks rallied after Fed renewed it commitment to stimulate growth with low rates and stated that increase in inflation is likely to be temporary. The Dow Jones gained 96 points or 0.76% to close at 12,691 while NASDAQ gained 22 points or 0.78% to close at 2,870.
The Asian markets are trading positive. Nikkei is trading higher by 1.28% while Hang Seng is trading higher by 0.57%.
The markets closed on a weak note after witnessing volatility. The market breadth was negative with declines outnumbering the advances. The markets may open on a positive note tracking global cues and may remain volatile due to F & O expiry today.
The trend deciding level for the day is 5850, If NIFTY trades above this level then we may witness a further rally up to 5875‐5900‐5930 levels. However, if NIFTY spot trades below 5850 levels then we may see some profit booking to initiate in market, it may correct up to 5805‐5775‐5745.
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