Mumbai, Oct 1 (IANS) Indian equity indices closed with marginal losses as shares of heavyweights like Reliance Industries and HDFC Bank weighed on them.
At closing, Sensex was down 33 points at 84,266 and Nifty was down 13 points at 25,796.
Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was at 60,358, up 204 points or 0.34 per cent, and Nifty smallcap 100 index was at 19,331, up 151 points or 0.79 per cent.
The market sentiment was positive. On the Bombay Stock Exchange (BSE), 2,308 shares were in the green, 1,655 in the red and 91 closed without any change.
Among the sectoral indices, Auto, IT, PSU bank, pharma, metal and media contributed the most. Fin service, FMCG, realty, energy, private bank and PSE were the major laggards.
In the Sensex pack, Tech Mahindra, M&M, Kotak Mahindra Bank, Infosys, SBI, HCL Tech, Wipro, Nestle, ICICI Bank, TCS, UltraTech Cement, Bajaj Finserv, Bajaj Finserv and Sun Pharma were the top gainers. IndusInd Bank, Asian Paints, HUL, Tata Motors, Tata Steel, Titan, Reliance, NTPC and L&T were the top losers.
Rupak De, Senior Technical Analyst of LKP Securities said, “Nifty formed a Doji pattern with a long upper shadow on the daily chart, indicating market indecision. Heavy call writing at 25800 suggests it may act as strong resistance if sustained. Immediate support lies at 25750, and a decisive break below this could push the index to 25600/25500.”
“On the higher side, a move above 25800 may propel the Nifty towards 26050, where sellers could become active again,” De added.
Gold prices traded positively with gains of Rs 300 in MCX at Rs 75,890 per 10 grams and in Comex near $2649 per ounce, up by $15.
–IANS
avs/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
