It was a complete choppy session, as market was seen grinding in a narrow 25 points trading range especially in the second half. Nifty was unable to surpass the crucial 200-DMA which is now placed at 8221.
In addition, Nifty also breached below the 8150 support zone for the first time this week after managing to hold on throughout the week.
Nifty closed was down 14 points and closed at 8,139, while BSE Sensex ended with a loss of 30 points at 26489.
The Benchmark indices in Asia, Europe and India more or less exhibited a subdued outlook. The key factor influencing this was the US Federal Reserve rate hike that was announced earlier this week.
Asian indices ended on a positive note amid subdued trading as traders chose to hold off on further bets ahead of the weekend. Some emerging markets’ shares continued to be weak on US Fed’s 2017 interest rate outlook. The drop in Hong Kong was due to the fear that investors harboured regarding outflow of capital due to the US Fed rate hike.
Japan’s Nikkei 225 closed at 19401 up 0.66%, Singapore’s Straits Times closed at 2939 up 0.31%, China’s Shanghai Composite ended at 3122.98 up 0.17%, while Hong Kong’s Hang Seng closed at 22020 down 0.18%, the only index to close in red among the lot.
Similar sentiment was exhibited by European indices as the markets opened a mixed and subdued note. At the time of filing this report, CAC-40 was trading at 4817 down 0.03%, trading in red, while FTSE 100 was trading at 6999 and DAX was trading at 11381 up 0.13%.
In a pressure filled day, the noteworthy stock is Claris Lifesciences Ltd which hit a record high of Rs 430.10, up 20% after the company sold its injectable business to a US healthcare company.
Gold was trading at Rs 27,110 per 10 gms and silver was trading at Rs 39,597 per kg.
The Indian rupee was trading at 67.79 per dollar.
Out of 1513 stocks traded on the NSE, 899 declined and 533 advanced today.
Top 5 Nifty Gainers: GAIL (2.49%), ICICI Bank (0.72%), M&M (0.56%), Reliance Ind. (0.52%) and Lupin Ltd. (0.51%).
Top 5 Nifty Losers: Sun Pharma (-1.31%), Adani Ports & Sez (-1.20%), Asian Paints (-1.01%), Maruti Suzuki (-0.96%) and HDFC (-0.89%)
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