The markets opened on a positive note but immediately slipped into the red and traded in a tight range for most of the morning session. The markets slipped further in the afternoon session but recovered some of the losses and ended on a weak note amidst volatility. All the Sectoral indices ended in the red with Realty, Metals & IT losing the most while Healthcare ended with minor losses. Among the Sensex stocks ONGC (1.99%) & ICICI Bank (0.92%) were amongst the gainers while RCom (5.13%), Cipla (2.77%) and DLF (2.71%) were among the losers. The Sensex lost 157 points or 0.81% to close at 19,292 while Nifty lost 48 points or 0.83% to close at 5,785.
Total traded turnover stood at Rs 2,42,192 cr. In equities FIIs were net sellers of (Rs 833 cr) while DIIs were net buyers (Rs 533 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 191 cr), Index Options (Rs 493 cr) while they were net sellers in Stock Futures (Rs 59 cr) and Stock Options (Rs 15 cr).
The US markets ended positive despite mixed economic news and diverse earnings reported by companies. The Dow Jones gained 72 points or 0.57% to close at 12,763 while NASDAQ gained 3 points or 0.09% to close at 2,873.
The Asian markets are trading mixed. Nikkei is trading higher by 1.63% while Hang Seng is trading lower by 0.28%. Once again the markets closed on a weak note after remaining volatile in the late session. The markets may open on a soft note amidst mixed cues from Asian peers. Adopt a stock specific strategy.
The trend deciding level for the day is 5805, If NIFTY trades above this level then we may witness a further rally up to 5835‐5880‐5905 levels. However, if NIFTY spot trades below 5805 levels then we may see some profit booking to initiate in market, it may correct up to 5755‐5725‐5700.
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