Wednesday 21 December 2016

Nifty touches 1-month low, Sensex fall continues

Nifty opened above 8100 but was unable to sustain the same and lost momentum towards the end of trading hours. Sensex also closed in red and was down 0.25%.

For Nifty, 8150 remains the important immediate resistance for the index, sustaining above which buying might have been seen, however, as the market reached the closing hours it lost the resistance and touched a 1-month low.

Nifty sectoral indices ended on a mixed note. Nifty Realty gained over 1% while Nifty FMCG dipped over 1%. While, Nifty Metal index ended on a positive note up 0.5%. The Nifty Metal index rose for the first time in four sessions led by gains in shares of Welspun Corp, Hindalco Industries and Hindustan Zinc. This positive trend was supported by a rise in rupee against the dollar.

The BSE Sensex ended with a loss of 66 points at 26242. The benchmark indices opened at 26368, touched an intra-day high of 26396 and low of 26213.

The NSE Nifty was down 21 points and closed at 8,061. It opened at 8,105 points, hitting a high of 8,112 and low of 8,053.

The India VIX (Volatility) index was up 0.84% at 14.66. The BSE Midcap closed at 11984 and Smallcap indices closed at 11950. BSE Midcap closed marginally low while BSE Smallcap closed marginally high.

Out of 1886 stocks traded on the NSE, 886 declined and 697 advanced today.

A total of 10 stocks registered a fresh 52-week high in trade today, whereas 21 stocks touched a new 52-week low on the NSE.

At the close of day, Ultratech Cement, Lupin, NTPC, Maruti, IndusInd Bank, Hindalco, ONGC, Bank of Baroda, Eicher Motors, PowerGrid were the top gainers while Infratel, Sun Pharma, ITC, Idea, Ambuja Cement, Zee, HCL Tech, Hero Motocorp, Axis Bank, Aurobindo Pharma were among the losers on NSE.

The Indian Rupee was trading at 67.87 per dollar. Gold was trading at Rs 27,097 per 10 gms and silver was trading at Rs 39,500 per kg.

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