After the 6 continous days positive rally, Indian equity market witnessed range bound session & ended the day on a negative note. Nifty was down by 17.05 points & closed at 8378.40 level while Sensex ended the day at 27842.32, plunged 45.58 points.

Shares of Maruti gained momentum in trade as CLSA hiked its target price to Rs. 4400 per share, after better-than-expected sales in the month of December.

Weakness was seen in IT stocks amid concerns over cross-currency movements. The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank.

US crude and Brent futures dropped to fresh 5-1/2-year lows of $51.40 & $55.36 per barrel respectively, as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.

Rupee Ends At 63.39, surged after 4 day continous fall as a weakening dollar prompted exporters to sell the US currency, while a spurt in buying of domestic debt by foreign investors also helped.

The market breadth was positive on the NSE with 618 gainers against 605 losers and 36 remain unchanged.

Top 5 Nifty gainers: MARUTI (2.63%), TATAMOTORS (2.40%), TATASTEEL (1.75%), L&T (1.59%) & IDFC (1.42%).

Top 5 Nifty losers: DLF (2.69%), Dr. REDDY (-2.34%), BHARTI AIRTEL (-2.15%), HINDALCO (-1.94%) & TECH MAHINDRA (-1.84%).

To qualify NISM certification examination, register with Intelivisto.com and buy NISM exams comprehensive question bank which features mock test, chapter-wise and full length test as per NISM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.