The markets had a roller coaster ride today as it opened at 9109 (+113) with the surprise rate cut by RBI of 25 basis points. It made a high of 9119.2 and low of 8893 but finally closed at 8922 (-0.82%). The immediate support for Nifty can be seen at 8720 while the resistance is at 9150.
Among the sectors, CNX PHARMA (+1.32%) was the only gainer today followed by CNX FMCG (+0.40%). The biggest losers today were CNX PSU BANK (-3.04%), CNX METAL (-2.57%). The Nifty breadth was very negative today with 8 advances and 41 declines and 1 unchanged.
Among the prominent stocks, SUNPHARMA was the highest gainer today with about +7.09% today along with DLF (+1.52%) and ITC (+0.92%). The highest Nifty losers were SSLT (-3.96%), NMDC (-3.76%) and HINDALCO (-3.72%).
Markets were very jittery today. With a very positive opening, it proved to be disappointing till the time the markets closed.