Dear traders,
The markets traded range bound in the morning but slipped in the last one hour of trade to close with about 1.5% losses. In fact i would like to advice traders to be alert in trading. Though all sectoral indices closed negative with realty, capital goods, banking and metal being the worst performers. Auto and oil & gas, too, lost significantly to put pressure on the indices. The Sensex closed at 16883, down 236 points from its previous close, and the Nifty shut shop at 5068, down 80 points. The CNX Midcap index closed with 2.6% loss while the BSE Smallcap index was down 2.8% in today's trade. The market breadth was negative with advances at 151 against declines of 1173 on the NSE. its going to be a bad trend in the Indian stock market , as we have seen the previous trading days there is no resistance in the stock market. The top Nifty gainers were Cipla, Tata Motors, Grasim and HDFC Bank while the biggest losers included DLF, JP Associates, RCom and Siemens.
The markets traded range bound in the morning but slipped in the last one hour of trade to close with about 1.5% losses. In fact i would like to advice traders to be alert in trading. Though all sectoral indices closed negative with realty, capital goods, banking and metal being the worst performers. Auto and oil & gas, too, lost significantly to put pressure on the indices. The Sensex closed at 16883, down 236 points from its previous close, and the Nifty shut shop at 5068, down 80 points. The CNX Midcap index closed with 2.6% loss while the BSE Smallcap index was down 2.8% in today's trade. The market breadth was negative with advances at 151 against declines of 1173 on the NSE. its going to be a bad trend in the Indian stock market , as we have seen the previous trading days there is no resistance in the stock market. The top Nifty gainers were Cipla, Tata Motors, Grasim and HDFC Bank while the biggest losers included DLF, JP Associates, RCom and Siemens.
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