The markets opened on a positive note and immediately slipped lower but managed to trade near the previous close till the afternoon session. The markets kept of moving lower throughout ending the day on a weak note. Among the Sectoral indices Realty was amongst the gainers while Bankex & Consumer Durables were among the losers. In the Sensex kitty Tata Power (2.43%), & Cipla (1.96%) were amongst the gainers while SBI (4.06%), Sterlite Inds (2.26%)and Maruti Suzuki (2.16%) were among the losers. The Sensex lost 138 points or 0.72% to close at 18,998 while Nifty lost 48 points or 0.84% to close at 5,701.
Total traded turnover stood at Rs 1,00,111 cr. In equities both FIIs & DIIs were net sellers of (Rs 261 cr) & (Rs 150 cr) respectively. On the derivatives side, FIIs were net sellers in Index Futures (Rs 918 cr), Index Options (Rs 31 cr) Stock Futures (Rs 252 cr) and Stock Options (Rs 8 cr).
The US markets ended marginally lower as investors remained cautious and lack of any key triggers. The Dow Jones lost 3 points or 0.02% to close at 12,807 while NASDAQ lost 9 points or 0.33% to close at 2,864.
The Asian markets are trading marginally higher. Hang Seng is trading higher by 0.16% while Nikkei is shut on account of holiday.
The markets ended with losses for a sixth consecutive day as investors turned cautious ahead of the RBI mid‐term policy meet. FIIs continued to remain net sellers in both the cash & futures segment. The markets may open on a weak note. Adopt a cautious approach.
The trend deciding level for the day is 5720,If NIFTY trades above this level then we may witness a further rally up to 5750‐5785‐5805 levels. However, if NIFTY spot trades below 5720 levels then we may see some profit booking to initiate in market, it may correct up to 5667‐5635‐5600.
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