Sensex, Nifty end range-bound as investors become cautious; Bosch, Hindustan Copper, ITI stocks gain
The BSE Sensex went down 38 points and closed at 41,642 levels after the Closing Bell while the Nifty-50 index shed 9 points and closed at 12,262 levels. Bank Nifty index went down 45 points and closed at 32,339 levels.
The stocks market of India ended range-bound as investors have become cautious ahead of the Christmas festival. The BSE Sensex went down 38 points and closed at 41,642 levels after the Closing Bell while the Nifty-50 index shed 9 points and closed at 12,262 levels. Bank Nifty index went down 45 points and closed at 32,339 levels.
Speaking on the current share market scenario Simi Bhaumik, a SEBI registered technical equity analyst said, "The market is trading in the range of 11,970 to 12,300. bull or bear trend will be determined on the breaking of either side of the range."
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Shares of Crisil, GIC Housing Finance, Adani Green Energy, Reliance Infrastructure, Reliance Capital, Bosch, Hindustan Copper, ITI and KEI Industries were among the major gainers after the Closing Bell while stocks of Dishman Carbogen AMC, JaiprakashAssociates, Lux Industries, YES Bank, DHFL, SpiceJet, Vodafone Idea and LIC Housing Finance were among the major losers.
Auto stocks led the bull run on Dalal Street as the BSE auto index added half a per cent in the intraday trade after the Closing Bell trade session. Auto major Bosch share price shot up over 3 per cent, Bharat Forge scaled 1.58 per cent, shares of Hero MotoCorp soared 1.37 per cent while Maruti Suzuki India stock price went up 1.42 per cent after the Closing Bell trade session.
Among the major Asian markets, the Japanese Nikkei 225 index scaled 4.48 points and closed at 23,821.11 levels, South Korean Kospi shed 0.02 per cent and closed at 2,203.71 levels, Hang Seng shot up near 35 points and closed at 27,906.41 levels while the Shanghai index shed 5.99 points.
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