Market Update: The major benchmark indices in the markets remained weak on Friday. NSE Nifty closed at 9400 levels down by 21 points while BSE Sensex closed at 30188 levels down by 62 points. The broader market indices also remained weak on Friday in line with the major indices. The BSE MidCap index closed at 14854 level down by 102 points while the BSE SmallCap index closed at 15528 levels down by 124 points. On NSE, there were 522 advances, 1118 declines and 316 unchanged stocks on NSE reflecting strong negative bias floating in the market. On a day when the markets were losing sheen, there were around 62 stocks on NSE which touched their fresh 52-week highs.
Top Gainers of the Day: Hero Motocorp, Infosys, Kotak Mahindra, Tech Mahindra, Idea Cellular
Top Losers of the Day: Yes Bank, Zee Entertain, Asian Paints, Axis Bank, Hindalco
Expert Advice: According to expert, market is likely to consolidate from here. According to him, the best part of the market is that there is not much of complacency but the sentiment is still good. If complacency sets in then it would be worrying. The market is still contracting and not expanding. The market could trade in a range. It does not look like there is great upside to the market yet. The market range could now be 9350-9450 instead of 9250-9350.
Nifty Future & Option Tips For Tomorrow