Monday 18 January 2016

Nifty Ends Below 7,400 Level

Posted by suhani varma on Monday, January 18, 2016 with No comments

The BSE Sensex and NSE Nifty closed down for the third consecutive session on Monday. The sentiments were under pressure after exports contracted for 13th month in a row in December 2015 as outward shipments shrank 14.75% to $22.2 bn amid a global demand slowdown. The BSE Sensex opened at 24,401, touched an intra-day high of 24,525 and low of 24,142. It finally ended with a loss of 267 points at 24,188.

The NSE Nifty opened at 7,420 hitting a high of 7,464 and low of 7,336.40, before ending with a loss of 87 points at 7,351. The India VIX (Volatility) index was up 4.17% to 20.2250. Asian stock markets ended on a mixed note. The Shanghai Composite Index ended 0.46% higher at 1,914.48 points; while the CSI 300 Index closed 0.38% higher at 3,130.73 points. In Europe, the FTSE 100 marginally down. On the other hand, DAX and the CAC 40 were down down.

BHEL, Tata Steel,Wipro, UltraTech Cement, Hero MotoCorp, HCL Tech, Adani Ports, TCS, Lupin and HUL were among the gainers on NSE, whereas Cairn India, Vedanta, RIL, BPCL, Asian Paints and Cipla were among the losers today. The rupee trading at 67.82 down 0.14% from its previous close of 67.60.

Out of 1,796 stocks traded on the NSE, 1,419 declined and 182 advanced today. A total of 11 stocks registered a fresh 52-week high in trades today, while 213 stocks touched a new 52-week low on the NSE.

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