Comments
The Nifty and the Sensex closed marginally in the red on Thursday. Both the indices were in the green in the first half of the trading session before slipping into the red.
The Nifty closed at 5870, down 36 points while the Sensex closed at 19324, down 94 points.
“Despite the selling in some of the sectors, Nifty is still holding above 5850 level in near term, which is a positive indicator. Any positive news can lead to upward breakout of the range. Indecision shall be there till Nifty trades within this range. It is to be seen if Nifty sustains above 5900 level, as this will be deciding level for coming days,” said Rakesh Goyal -Sr VP Bonanza Portfolio.
Volatility was down 2.55 per cent and the volatility index India Vix closed at 13.74.
Bank of Baroda, Tata Motors, SBI, ONGC and Tata Motors were the top five Nifty gainers while Gail, Jindal Steel, BHEL, JP Associates and PowerGrid were the top losers.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.