The S&P BSE Sensex shed 54 points to close at 26,813 and the Nifty50 dropped 19 points to finish at 8,220. NSE cash turnover was at Rs. 15,134 cr.
Bajaj Auto up 1%, Hero MotoCorp, Maruti Suzuki and Tata Motors ended up between 0.2%-0.7%. Infosys and TCS lost between 0.3%-0.6% each. Hindalco gained 2%. Jet Airways, SpiceJet and IndiGo which shot up in the trade yesterday shed between 0.3%-1% on account of profit booking. Reliance Communications was up 1% while Bharti Airtel and Idea Cellular closed marginally lower. ICICI Bank was up 0.3% while SBI, Axis Bank and HDFC Bank closed lower up to 1%.
As per the provisional figures on Tuesday, FIIs were net buyers of Rs. 484.66 cr in the cash market, and they were net sellers of Rs. 1192.52 cr in the F&O markets. DIIs were net sellers of Rs. 335.53 cr in the cash market.
Technical outlook for the day:
- Nifty Resistance 8257.25 - Support 8140.52
- Bank nifty Resistance 17763.3 - Support 17371.1
- Cnx IT Resistance 11587.9 - Support 11387.8
US & European Markets
U.S. stocks closed slightly higher after trading within a narrow range Tuesday after Federal Reserve Chairwoman Janet Yellen cautioned that the U.K. leaving the European Union posed a risk while new polls showed support for the "stay" camp growing. The S&P 500 rose 0.3%, to close at 2,088.90. The Dow Jones Industrial Average advanced 0.1%, to close at 17,829.73. Meanwhile, the Nasdaq Composite Index rose 0.1%, to finish at 4,843.76.
European stocks closed mostly higher on Tuesday following polls that allayed fears of a Brexit, however, a renewed decline in oil prices added pressure to the market. The U.K.'s FTSE 100 ended the day up 0.7 percent, while its European counterparts, the French CAC and German DAX popped 0.9 and 0.8 percent respectively.
Indian ADRs ended with mixed reaction on Tuesday. In the IT space, Infosys down 0.43 percent at USD 18.54 and Wipro was up 0.08 percent at USD 12.2. In the banking space, ICICI Bank was down by 0.28 percent at USD 7.12 and HDFC Bank was up 0.38 percent at USD 66.13. In the other sectors, Tata Motors added 0.5 percent at USD 35.85 and Dr Reddy's Laboratories was down 0.52 percent at USD 45.6.
Latin American Markets
Among the Latin American markets, Mexico Bolsa index was up by 1.04%. Brazilian market was up by 1.01%.
Asia markets traded mixed on Wednesday, after US stocks eked out gains Tuesday amid a drop in oil prices, and as investors counted down to the upcoming British vote to decide whether to remain in the European Union. Japan's Nikkei stock index down 1.04 percent.
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