Nifty50 opened flat and hovered around 7660. Amid some political development, hopes of passing GST Bill in this parliament session diminishes which lead to Nifty50 to 7612 at closing. India VIX traded in GREEN. NSE ADR remained well below 0.2. USD-INR Dec future hovered around 67 level and closed flat. Compared to previous session. NSE cash segment and NSE Derivative segment witnessed higher volume.
Needless to say that all sectoral Indices closed in RED. NiftyMetal Index closed 3% lower. NiftyPharma Index closed 2% lower. NiftyAuto Index closed 1.7% lower. NiftyIT Index closed 0.5% lower. BankNifty closed 0.8% lower. NiftyInfra Index closed 1.5% lower.
Vedanta closed 5.5% lower. Jindal Steel and Welspun corp each closed 4% lower. Coal India, Tata Steel and National Aluminum each closed 3% lower. Glenmark closed 5% lower. Lupin and Cipla each closed 3% lower. Apollo Tyre made fresh 52 week low. Exide Industry made 52 week low. Bosch closed 0.9% lower. Cyient Limited closed 2.7% higher TCS closed 1.7% higher. Infy closed 1.9% lower. Bank of India and Canara Bank made fresh 52 week low. Bharat forge closed 3.9% lower. L&T made 52week low and closed 1.6% lower at 1300INR. Adani port made 52 week low. Bharti Airtel also made 52 week low. On fear that buying of new IPL team might affect balance-sheet negatively, CESE stock closed 5.7% lower.
As per provisional Data, FIIs sold equity worth 527 crore INR (net basis). DIIs purchased equity worth 864 crore INR (Net basis). India VIX and NSE ADR both together indicates that market is in overselling territory. Further development in political front and news from Chines market will continue to guide the further direction of market.
Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group.
Written Date :- 09.12.2015 Wednesday 18:00 hours IST
No comments:
Post a Comment