The markets made a gap-up opening, but could not hold on to the gains, trading flat throughout the day. Like yesterday, the broader markets didn't do well today also and were outperformed by large-cap stocks. Capital goods, IT and oil & gas closed with moderate gains while realty and consumer durables lost significantly. The Sensex closed at 17551, down 10 points from its previous close, and the Nifty shut shop at 5278, up 2 points. The CNX Midcap index was down 0.9% and the BSE Smallcap index also lost 0.8% in today's trade. The market breadth was negative with advances at 375 against declines of 921 on the NSE. The top Nifty gainers were M & M, Tata Power, Cipla and Bajaj Auto and the biggest losers included HUL, Ranbaxy, Bharti Airtel and TCS
Source: money.rediff.com
Neeraj Rajgarhia
Summer Intern - Technical Analyst
DENIP Consultants Pvt. Ltd.
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