The Benchmark Indices Close In Red Due To Weak Global Cues

The Benchmark Indices Close In Red Due To Weak Global Cues

Nifty and Sensex ended in red backed by weak global cues on 20th August.

At close, the Sensex was down 300.17 points or 0.54 per cent at 55,329.32 and the Nifty was down 118.30 points or 0.71 per cent at 16,450.50.

About 728 shares have advanced, 2407 shares declined and 117 shares remain unchanged.

On the Nifty 50 index, HUL (5.36 per cent), Britannia (4.71 per cent), Asian Paints (3.71 per cent), Nestle (3.49 per cent) and Bajaj Finance (1.79 per cent) were the top gainers for the day, while Tata Steel (-8.32 per cent), JSW Steel (-7.17 per cent), Hindalco (-5.46 per cent), UPL (-4.45 per cent) and Tata Motors (-3.49 per cent) were the top losers for the day.

On the sectoral front, except Nifty FMCG index which gained more than 2 per cent, all the other sectoral indices ended in red. The metal index was the biggest loser for the day falling 6.43 per cent.

The BSE Midcap and Smallcap indices were down 1.91 per cent and 1.83 per cent respectively.

Author’s View: If the market is unable to sustain the level of 16,500, the market can witness lower levels of 16,350.

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.

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