VantageTrade Eagle Eye: Summary of the last trading session this week

After three consecutive days of gains, the markets ended the last trading session this week down due to weak global cues. Another reason are investors that used the opportunity to book profits before the long weekend.  The Bombay Stock Exchange and National Stock Exchange are closed today due to Mahavir Jayanti and tomorrow on account of Good Friday. Nifty registered a week gain of 0.52% and Sensex gained 0.47%.  Nifty reached the intraday high of 5,338 and Sensex bounced to 17,553. The selling pressure in the afternoon hours drove the indices to the intraday lows of 5,305 for Nifty and 17,437 for Sensex. Metal and Realty stocks weighed negatively on the markets while Power stocks provided some support. Nifty ended down 35.6 points, to close at 5322.9. Sensex ended down 111.4 points, at 17,486.02.

Foreign and domestic institutional investors were net buyers of equities on Tuesday. Foreign institutional investors pumped in Rs332.47 crore, domestic institutional investors invested Rs200.28 crore.

The Sensex top gainers were BHEL (up 3.54%); Hindalco Industries (up 0.99%); Maruti Suzuki (up 0.75%); ONGC (up 0.29%) and NTPC (up 0.24%). Jindal Steel (down 3.15%)

The major loosers were GAIL India (down 2.80%); Bharti Airtel, Sterlite Industries (down 1.99% each) and ICICI Bank (down 1.88%).

The top gainers on the Nifty were BHEL (up 3.60%); Ranbaxy Laboratories (up 3.25%); Dr Reddy’s Laboratories (up 1.43%); Cairn India (up 0.94%) and IDFC (up 0.87%).

Jindal Steel (down 3.44%); GAIL India (down 3.25%); Jaiprakash Associates (down 2.26%); Bharti Airtel (down 1.94%) and Reliance Infrastructure (down 1.87%) led the index lower.