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Tuesday 5 May 2015

Market Update : BSE Sensex Closes 64 Points Down update for 05 May 2015

The Indian markets had a rather volatile trading session today. While the morning session saw the indices struggling to stay afloat, the afternoon session was marked by persistent selling pressure that kept the indices in the red. The BSE-Sensex closed lower by about 50 points, while the NSE-Nifty ended lower by about 7 points. Losses were largely seen in banking and auto stocks. The S&P BSE Midcap index and the S&P BSE Smallcap index bucked the trend and closed higher by 0.6% and 0.1% respectively. 

Asian stocks ended the day on a mixed note, while stocks in Europe were also trading mixed. The rupee was trading at Rs 63.43 to the dollar at the time of writing.

Auto stocks closed mixed today. While Tata Motors and Maruti Suzuki found favour, Hero Motocorp and TVS Motors closed into the red.

Pharma stocks also closed mixed today. While Sun Pharma and Aurobindo Pharma found favour, Glenmark and Cipla closed weak.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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