Markets closed in negative on profit booking :: HDFC Securities

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Statistics

The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.   In the broader market, both the BSE Midcap and Smallcap indices performed marginally better than the front-liners with losses of 0.3% each.  Market breadth in BSE ended negative with 1,539 declines against 1,384 advances. NSE cash turnover was at Rs. 16941

Sectors & Stocks

BSE FMCG index, up 0.7% was the lead gainer followed by BSE Healthcare index, up 0.1%. BSE Realty and Oil & Gas indices, down 1.9% and 1% were the top losers. Axis Bank ended with gains of over 0.2%, SBI ended down 0.7%, mortgage lender HDFC declined 0.9%, ICICI Bank ended down 1.5% and HDFC Bank ended down 0.9%. ONGC declined more than 2% while RIL closed down 0.7%. NTPC declined around 1%

CAC 40 and DAX indices have gained 0.7% each while FTSE 100 index has gained 0.5%. 

Way forward

Today Nifty did not filled the down gap which was made on 6th January 2015 and closed in the red. Nifty is making higher top higher bottom formation from last 5 sessions and faced resistance at down gap. If  in coming session Nifty traders above 8325 level then traders could expect  Nifty to trade up to 8375 level followed by 8410. If Nifty trades below 8275 level and sustains for 15 mins then traders could expect down move up to 8250 followed by 8190 level.