Indian equity markets declined for the third straight session as investors adjusted their positions on expiry of Futures and options (F&O) contracts for the December series. The Sensex and Nifty had hit an intra-day low of 41,139.63 and 12,118.85, respectively.
Sectorally, all the indices on the NSE, barring Nifty Metal index (up 0.58 per cent), closed the day in the negative territory. Nifty PSU Bank index was the worst performer of the day, down 1.46 per cent at close, followed by Nifty Pharma index (0.94 per cent), and Nifty Private bank and Bank indices (0.8 per cent each). In the broader market, the mid-caps followed the frontline indices, with the S&P BSE mid-cap index down 0.16 per cent to 14,794.78- level by close. On the contrary, the S&P BSE small-cap index settled 0.41 per cent higher at 13,439.24. Yes Bank, Bharti Airtel, Reliance Industries, Adani Ports and Sun Pharma were the top losers on the Nifty, while gainers were ONGC, Vedanta, NTPC, Bajaj Finance and JSW Steel. Asian shares ended higher on Thursday with Japan’s Nikkei index up 0.6 per cent, while South Korea’s Kospi closed 0.36 per cent higher.Nifty Chart
Nifty Outlook
Sectorally, all the indices on the NSE, barring Nifty Metal index (up 0.58 per cent), closed the day in the negative territory. Nifty PSU Bank index was the worst performer of the day, down 1.46 per cent at close, followed by Nifty Pharma index (0.94 per cent), and Nifty Private bank and Bank indices (0.8 per cent each). In the broader market, the mid-caps followed the frontline indices, with the S&P BSE mid-cap index down 0.16 per cent to 14,794.78- level by close. On the contrary, the S&P BSE small-cap index settled 0.41 per cent higher at 13,439.24. Yes Bank, Bharti Airtel, Reliance Industries, Adani Ports and Sun Pharma were the top losers on the Nifty, while gainers were ONGC, Vedanta, NTPC, Bajaj Finance and JSW Steel. Asian shares ended higher on Thursday with Japan’s Nikkei index up 0.6 per cent, while South Korea’s Kospi closed 0.36 per cent higher.Nifty Chart
Nifty50 closed lower at 12126.55 level, -0.88 points, or -0.72 per cent. Nifty Support : 12070 and 12010 Resistance : 12170 and 12220.
