The key benchmark indices snapped a seventh-day losing streak on Friday and ended on a positive note. The Nifty50 closed slightly up at 7,985, after briefly recapturing the 8,000 level. The NSE Nifty opened at 7,973 hitting a high of 8,023 and low of 7,942.
The BSE Sensex ended with a gain of 61 points at 26,041. The BSE Sensex opened at 25,960 touched an intra-day high of 26,143 and low of 25,872.
After opening on a negative note indices remained under pressure and slipped lower in the first half. However, as the day progressed, late bout of buying in the capital goods, consumer durables, oil & gas, auto, finance and utilities stocks lifted the benchmarks. On the other hand, IT, realty, FMCG, technology and pharma stocks were under pressure.
The equity benchmarks erased some gains in afternoon trade due to lack of domestic as well as global cues ahead of Christmas holiday.
Among the 50-stocks of Nifty, Cipla, Bosch, Maruti Suzuki, Sun Pharmaceuticals, Bajaj Auto and L&T were among the gainers on NSE, whereas Axis Bank, HCL Tech, Eicher Motors, Aurobindo Pharma, Tech Mahindra, Hindalco and UltraTech Cement were among the losers today.
The India VIX (Volatility) index was down 2.73% at 15.12. Out of 1,414 stocks traded on the NSE, 727 declined and 631 advanced today. The BSE Midcap and Smallcap indices ended lower.
The rupee was trading up 21 paise at 67.78 per US dollar. Gold was trading at Rs 26,936 per 10 gms and silver was trading at Rs 38,891 per kg.
On the global front, Asian stocks closed on mixed note. The Shanghai Composite index dropped 1%, Hong Kong’s Hang Seng and Nikkei 225 index closed marginally lower.
In Europe, the FTSE 100 was trading marginally lower. DAX and the CAC 40 were trading in green.
Today the following stocks broke the barrier and went below 200-DMA: Tata Motors, Eicher Motors, Taj GVK Hotels, Muthoot Capital, HDFC, Union Bank of India, Dewan Housing Finance, Reliance Capital.
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