Nifty closes below 15,800; Bajaj Auto, Cipla, and Eicher Motors emerge as top losers

Among the sectors, energy and financials traded higher while metals & realty remained weak.

Market update at 3.30 PM: Nifty traded flat amid volatility throughout the day but witnessed slight selling pressure towards the end. It plunged below the 15,800-level and closed lower by 0.12 per cent. Meanwhile, Sensex ended flat while Nifty Midcap and Nifty Smallcap slipped about 0.82 per cent & 0.46 per cent, respectively.   

Among the sectors, energy and financials traded higher while metals & realty remained weak. Axis Bank, Britannia, and SBI emerged as the Top Gainers while Bajaj Auto, Cipla & Eicher Motors were the Top Losers.   

Nifty slipped in the last half an hour while Dow Jones Futures plunged by a per cent. Thus, the US markets shall be watched keenly tonight.   

Market update at 11.25 AM: Indices are trading mixed and volatility has kicked in. Nifty has lost about 100 points from its intraday high and is currently trading flat. Sensex is marginally higher by 16 points while Nifty Midcap and Nifty Smallcap indices have fallen over half a per cent each.  

Energy and financials are supporting the market whereas realty & metals are weak today. The top gainers are Axis Bank, HDFC Life, and SBI Life while Bajaj Auto, Cipla, & JSW Steel are weak amongst Nifty stocks.   

The advance-decline ratio is at 836:1,027, indicating slight bearishness. Nifty is likely to remain choppy with some negative bias while the level of 15,700 shall act as a strong support level.

Market update at 9.30 AM: Indices have been trading higher at the beginning of the session. Nifty climbed 0.34 per cent while Sensex jumped 200 points. Nifty Midcap and Nifty Smallcap have gained 0.20 per cent & 0.75 per cent, respectively. 

All the sectors are in green while India VIX is flat.

Pre-market update: Last night, the US markets closed on a mixed note. Nasdaq closed flat while Dow Jones gained about 82 points. However, most of the Asian markets have opened lower, and SGX Nifty indicates a minor loss of 15 points.
US GDP stood at a negative 1.6 per cent for its first quarter.
In the last trading session, the FIIs sold to the tune of Rs 851 crore while DIIs bought to the tune of Rs 847 crore. 

For the monthly expiry, the level of 16,000 holds the highest open interest, followed by 16,200 strikes. In the case of Put, the level of 15,500 has the highest OI, followed by 15,700.
Nifty is likely to open near 15,800, and Thursday being the monthly expiry, volatility is expected to persist.