Fri Dec 05, 2014 -Market Wrap Up : HDFC Sec,

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Statistics

The Sensex ended down 105 points at 28,458 and the Nifty ended down 26 points to close at 8,538. The broader markets were no different. In the last leg of trade, the mid and smallcap surrendered almost all its gains and closed on a flat note. The smallcap index was almost unchanged and the midcap index was down 0.3%. NSE cash turnover was at Rs. 17101.

Sectors & Stocks

Defensive pockets like IT, Teck and Health Care indices were top losers, down upto 2%. Power, Oil & Gas and Capital indices were the other sectoral losers, down 0.4-0.6%. Auto and Bankex ended flat with a negative bias. TCS, Infosys and Wipro  lost between 1.5-2%.Dr Reddys Lab, Sun Pharma lost over 2% along with Cipla which shed 1.7%. M&M and Bajaj Auto gained 2% and 0.1% while Maruti, Tata Motors and Hero MotoCorp were down upto 1.3%. Hindalco, Tata Steel were down 1.5% and 0.3% respectively while Sesa Sterlite added another 2% in today's trade.

CAC, DAX and FTSE were up 0.7-1.4%. Japan's Nikkei stock average slipped 0.2%
    
Way forward

In todays session Nifty remained side ways for 3/4 th sessions but towards the end of the day Nifty felled and closed down by 0.30%. If  in coming session Nifty sustains above 8540 level then traders could expect continuation of up move in the Index up to 8580 level followed by 8620 level . If Nifty trades below 8540 level and sustain for 15 mins  then traders could expect the down move up to 8500 level followed by 8460 level.