Markets closed in negative on volatile session :: HDFC Securities

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Statistics

The 30-share Sensex lost 79 points to close at 27,347 and the 50-share Nifty shed 22 points to close at 8,278. NSE cash turnover was at Rs. 16474.

Sectors & Stocks

On the sectoral front, BSE Metal index was the top loser down 3.5% followed by FMCG, Oil & Gas and Healthcare indices trading lower between 0.6-1%. However, BSE IT index emerged as the top gainer up 1% followed by Power, Auto and Teck indices up between 0.3-0.6%.  Hindalco and Sesa Sterlite leading the decline down 6% and 7%. ITC lost more than 3%. RIL and GAIL were down between 0.5-1%. ICICI Bank, Axis Bank and SBI down between 0.2-1%. BHEL gained 4%. 

Japans Nikkei share average fell 1.7% 

Way forward

Nifty ended in negative on Volatile session. Nifty is making lower top lower bottom formation and faced resistance at down gap which is a bearish indication. 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.