Good Evening Everyone,
What a gripping day it was today! The Nifty opened with a big gap up and went all the way high to touch a record high of 16700 and a big nose dive fall to finally close at 16568
It was interesting to note that both FIIs & DIIs turned to selling today. The FIIs sold for a net of Rs. 595 crores and DIIs sold for a net of Rs. 729 crores.
On the Daily chart, we can see a big bearish candle that indicates that we might see a trends reversal/consolidation for some time now.
As the Nifty fell, every sector lost steam, but still, FMCG, Pharma, IT & PSU banks closed in green by a small margin while the worst losing sector for the day was the private bank sector.
The top gainer for the day was Eicher motors and Ultra cement after their fall in the week.
Among the top losers were the Kotak Bank, Hindalco & ICICI bank which led the fall due to profit booking.
Thats it for now team, let us catch up on Friday on the pre market report as tomorrow is a holiday.