CNX Nifty ends at 6200, faces resistance

Markets ends marginally higher; CNX Nifty faces resistance at 6200 levels

Markets ended marginally higher for straight third day. After opening positive markets turned weak amid selling pressure in afternoon trades. However, it recovered enough to close marginally higher amid narrow range volatile session. The S&P BSE Sensex ended marginally up over 41 points or 0.2 percent to 20,852.47. After opening up over 66 points at 20877 it touched a high of 20912 and a low of 20777. The CNX Nifty too gained marginally nearly 14 points or 0.23 percent to 6200.05. The CNX Nifty had touched a high of 6216 and a low of 6176 intraday today.

Among the sectoral indices Consumer Durables surged nearly 3 percent. IT index rose by nearly one percent. Auto and Capital Goods too gaining between 0.6-0.5 percent. FMCG and Healthcare indices gained marginally and while Realty index inched up. Whereas, Metal index slipped by 1.75 percent and Power index fell by 0.42 percent. Oil & Gas and Bankex indices closed almost flat with negative bias. In the broader markets Mid-cap index advanced by 0.32 percent and Small-cap index gaining tad up by 0.09 percent.

In the index gainers list, Wipro surged nearly 3 percent. Following the trend Bajaj Auto rose over 2 percent. BHEL and Cipla Limited gained nearly 2 percent. Bharti Airtel and Hindalco Industries also gained between 2-1 percent. Infosys, ITC, Larsen & Toubro and Tata Motors too gaining between 1-0.5 percent. TCS, Hero MotoCorp, HDFC Bank and HDFC were the other gainers, while ONGC ended flat.

In the index losers list, Coal India and Sesa Sterlite dropped by 2.26 percent each. Tata Steel and Tata Power slipping over 2 percent each. Gail (India) and NTPC also slipped between 2-1 percent. Dr Reddys Lab, ICICI Bank, Maruti Suzuki, Sun Pharma, SBI, Reliance Industries, Hindustan Unilever, Mahindra & Mahindra and Axis Bank were the other index losers.

Overall market breadth ended marginally weak. Overall 1355 shares declined as compared to 1312 shares advanced. While 153 shares remained unchanged of total 2820 shares traded.

Tags - CNX Nifty, Market Pulse, Stock Market Pulse

Multivariate Analysis to Get an Estimate of the Indian Stock Market CNX Nifty Index