MIDSESSION SUBDUED
Nifty remained choppy and in a narrow range to close with
minor loss but above 7700 mark. However, Nifty should not go below 7600 mark to
maintain the short term bullish momentum. While Global cues, Quarterly results and
Funds flow are expected to
broadly guide the market movement, based on the present market position, market
can be expected to be better in the opening session and remain subdued during midsession
and experience choppy movements towards close.
Nifty
Review for Thursday :: Choppy / Narrow Movements
… !!!
Market opened marginally better but was highly choppy within
a narrow range and closed with marginal loss. 16 of Nifty stocks gained and
broader market too was negative with Advance Decline ratio placed at 1:1.45. Pharma,
Auto, FMCG, IT indices gained while Realkty, Energy, Media, Infra and Metal indices
declined. Tata Motors, ITC, Sun Pharma contributed about 15 points to Nifty’s gain
while Reliance, ONGC, Hind Unilever dragged down with the same force..
Tata Motots, Wipro, Sun Pharma, M&M remained major gainers among Nifty stocks while Hero Motors,
Hindalco, Tata Power, Bajaj Auto remained losers.
Glenmark, UCO Bank, Bata India, Biocon, Arvind remained major gainers
among F&O stocks while GMR Infra, JP Power, Unitech, JP Associates,
IB Realestate declined among F&O
stocks.
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