Indian benchmark indices managed to recover its losses in post lunch session after a volatile trading session today. The broad-based index S&P CNX Nifty once seen losing during most of the day; but nonetheless retrieved the major chunk of the losses and managed to stay above another psychological mark of 8100 before closing on a negative note at 8102, down by 25.25 points. Another benchmark index, Sensex closed at 26,908.82, down by 78.64 points.
Greece’s exit from the euro zone along with fears of deflation and tumbling oil prices has compounded worries for global investors in the near term, which has in turn impacted the Indian markets as well. Greece has been plunged in a government debt crisis and has sought the help of its euro zone partners to bail the country out of debt.
The euro hit a nine-year low as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
USDINR pair ended the day at 63.18, slips 40 paise in the trade today on the back of on fresh selling of dollar by banks on hopes of resumption of capital inflows.
Market breadth on the NSE ended on negative with 879 gainers against 641 losers with 62 remaining unchanged.
Out of 50 stocks of Nifty, 22 advanced and 27 declined and 1 remained without any change.
Top Five Nifty Gainers: HUL topped the Nifty gainers chart today gaining by 3.20% and followed by NTPC (2.69%), Reliance (2.62%), Asian Paints(2.19%) and Powergrid (1.99%).
Top Five Nifty Losers: Today Hindalco emerged the biggest loser on the Nifty plunging by -2.97% and chased by NDMC (-2.82%), BHEL (-2.40%), HCL (-2.35%) and GAIL (-2.25%).
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