Market was flat for the last trading day of the week. Nifty and Sensex ended negative. Today NSE benchmark Nifty closed -0.81% low and BSE Sensex with -0.91%. Traders remained cautious ahead of IIP and retail inflation data to be released later in the day. BSE oil and gas index hit 7 months low. Today’s fall is the biggest fall since July.
The movers of the day are Ultratech Cement , Maruti, Lupin, Ambuju Cement and Sun Pharma . And the top losers of the day are GAIL, Tata Steel, CAIRN, ONGC and SSLT.
The entire Broad Index ended up red. With Midcap and small cap poorly hit. CNX pharma was up by +0.23%. India Vix was up by +7.67%. Wherein Crude oil fell below $63/Barrel
Asian markets closed mixed. Japan's Nikkei finished 0.66% higher, Hong Kong's Hang Seng was down 0.27%, and China's Shanghai Composite was up 0.43% at the end of the day. US futures are also sinking. China's industrial output grew by a less-than-expected 7.2% in November from a year ago, but retail sales rose 11.7%, beating forecasts.
As there was a weakness seen in stocks and US dollar; gold were up by 3% putting it us the biggest rise in last 6 months in global markets. The entire precious metals even silver and platinum are showing some rise.