Volatility gripped the D-Street on Thursday after selling pressure dominated final minutes of trade. This movement led to erasing almost all of its gains by the indices, which were trading with gains of over 100 points on the Sensex, and the Nifty placed comfortably above 9900-mark. Both managed to end the day in the green, but with marginal gains.
The fall was led by sectors such as banks, auto, pharmaceuticals and FMCG stocks, while the sectors that ended in the green included was information technology.
The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 6.8 points at 9904.15. The market breadth was narrow as 1,399 shares advanced against a decline of 1,161 shares, while 138 shares were unchanged.
Infosys and Coal India were the top gainers on both indices, while Cipla, Kotak Mahindra Bank and ACC lost the most.
HEADLINES OF THE DAY
Powergrid board approves investment of Rs1931 Cr
Wipro to manage IT infra services for Grameenphone.
Infosys to consider buyback proposal.
The crucial resistance for Nifty spot is now seen at 9930 and above this 9990.Support for the immediate term is now placed at 9850 and next support will be 9790.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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