In a muted session of trade, the Indian benchmark indices ended flat on September 26, with the Sensex falling 78.22 points, or 0.12 percent, to end at 65,945.47 and the Nifty losing 9.80 points, or 0.05 percent, to close at 19,664.70.
Amid mixed global cues, the indices opened on a subdued note. Selling in the afternoon session dragged the Nifty below 19,650 but it managed to narrow the losses to end flat note.
Eicher Motors, Nestle India, Bajaj Auto, Hero MotoCorp and ONGC were among the top gainers on the Nifty. The losers included IndusInd Bank, Tech Mahindra, Cipla, Kotak Mahindra Bank and Adani Enterprises.
On the sectoral front, except bank, pharma and IT, all indices ended in the green, with FMCG index up 0.5 percent.
The BSE midcap index ended on a flat note, while the smallcap index added 0.3 percent.
A long build-up was seen in Vodafone Idea, Dixon Technologies and Colgate Palmolive, while a short build-up was seen in Glenmark Pharma, Shriram Finance and Piramal Enterprises.
Among individual stocks, a volume spike of more than 200 percent was seen in Manappuram Finance, Delta Corp and ACC.
Anand Rathi Wealth, Jyoti, Shreyas Shipping & Logistics, RPP Infra Projects, IFCI, Coal India, Bedmutha Industries, TVS Motor Company, Tata Consumer Products, among others, touched their 52-week high on the BSE.- Click to View Full List
Outlook for September 27
Shrikant Chouhan, Head of Research (Retail), Kotak Securities:
Markets witnessed a listless trading session and lingered in negative territory for most part of the trading session due to weak Asian and European cues. Traders resorted to selective profit-taking ahead of the next week's RBI policy outcome, while external factors like strength in dollar index and rising treasury yields continue to dampen sentiment.
Technically, the Nifty has formed an inside body candle indicating continuation of a range bound trend in the near future. For day traders, 19735 would be the immediate resistance level while 19620 could act as a key support zone. Above 18735, the index could move up till 19780-19800. On the other hand, below 19620 the market could slip till 19550-19520.
Aditya Gaggar Director of Progressive Shares:
Indian equities started the day on a flat note and throughout the session, the Index remained rangebound to settle at 19,664.70 with a loss of 9.85 points. Among the sectors, FMCG was the top performer followed by Auto and Metal; on the flip side, Media, PSU Bank, and IT were the laggards.
After DOJI, Nifty50 has made a Spinning Top candlestick pattern at its strong support area of 19,600-19,635. A firm close above 19,790 is a must to start another round of rally.
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