Nifty50 opened in upward gap at 7,587 and continued to slide to make day's low at 7,487 and closed 0.7% lower at 7,510. Nifty50 closed below its important support 7.540. IndiaVix opened in RED, switched into GREEN and finally closed flat. NSE Advance Decline Ratio (ADR) opened above three and continued to slide to closed at 0.37. ON NSE USD-INR currency January'16 future hovered around 67 INR and closed at 67 INR.
Bank Nifty closed 1.76% lower. NiftyAuto Index closed 0.39% lower. NiftyMetal Index closed 1.2% lower. NiftyPharma Index closed 0.36% higher. NiftyIT Index closed 0,31% lower. NiftyFMCG Index closed flat. NiftyReality Index closed 1.77% lower.
Reliance closed 0.7 % lower. TataSteel closed 2.54 % lower. OrissaMines made fresh 52 low and closed 1.87 % lower. SunPharma opened closed 0.74 % higher. Dr. Reddy Lab (DRL) made fresh 52 week low and closed 0.2 % lower. Infy closed 0.72% lower. Ahead of its Quartly results to be announced after market hours, TCS made fresh 52 week low and closed 1.9 % lower. Oberoi Reality closed 1.46 % lower. SBI made fresh 52 week low and closed 2.3 % lower. BankNifty - Banking Index has total Twelve stocks. In today's trade, Eight Banking Index stocks made fresh 52 week low and closed in RED. TataMotor closed 1.33 % lower. M&M closed 1.7% higher.
On NSE, Turnover in Equity and Derivative segment was Lower than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 540 crore INR(net), and DIIs Bought equity worth 140 crore INR(net).
At the end of session, India Vix is Flat well above 15. NSE ADR is placed around 0.4. Both these together indicates weak undertone.
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.
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