All sectoral Indices closed in RED. NiftyMetal Index closed 1.4% lower. NiftyPharma Index closed 2% lower. NiftyIT Index closed 1.3.% lower. NiftyReality Index closed 1.96% lower. BankNifty closed 2.58% lower. NiftyAuto index closed 2.23% lower. NiftyFMCG Index closed 0.48% lower.
Reliance closed 2 lower. Pipavav Defense closed 2.9% lower. Welspun Corp closed 3% lower. TataSteel closed 0.62% higher. Glenmark closed 0.74% higher. SunPharma closed 2.2% lower. Cadila closed 3.8% lower. Infy closed 2.4% lower. TCS closed 1.8% lower. Oberoi Reality closed 4.3% lower. ICICI Bank closed 2.66% lower. Three main PSU Bank stocks SBI, PNB and Canara Bank made fresh 52 week low. SBI closed 2.94% lower.PNB closed 4% lower. Canara Bank closed 1.97% lower. Bosch closed 2.34% lower below its critical level of 19000 INR. TataMotor closed 6.4% lower.
Today's Indian stock market movement was in line with its global peers. Chinese Market tumbled 7% on weak PMI data and Rising tension in gulf region were key triggers for today's trade. On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs sold equity worth 668 crore INR(net), and DIIs sold equity worth 222 crore INR(net).
At the end of session, India Vix is placed in GREEN and well above 15. NSE ADR is placed below one. Both these together indicates further weakness.
Disclaimer :-
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 : 04.01.2016 21:00 hours IST
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