Nifty still below 7950, Sensex sluggish; Sun Pharma down 1%

Free Nifty Tips - The market is very sluggish ahead of Q2 gross domestic product data to be announced today. The Sensex is up 0.80 points at 26129.00 and the Nifty is down 7.20 points at 7935.50. About 1396 shares have advanced, 724 shares declined, and 156 shares are unchanged.
 

Maruti, ICICI Bank, Tata Motors, Bajaj Auto and L&T are top gainers while Sun Pharma, HDFC, Bharti Airtel, ONGC and GAIL are major losers in the Sensex.
 

Equity benchmarks continued to consolidate in morning trade after rallying for previous two consecutive sessions. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices 0.3 percent and 0.6 percent, respectively.
 

The 30-share BSE Sensex rose 22.63 points to 26150.83 and the 50-share NSE Nifty fell 2.50 points to 7940.20. The market breadth was positive as about 1305 shares advanced against 548 declining shares on the BSE.
 

Banks, infrastructure and auto stocks continued to support market while oil and FMCG stocks lost ground. ICICI Bank, Tata Motors, L&T, Maruti Suzuki, Mahindra & Mahindra and Bajaj Auto gained 1-2 percent while Sun Pharma lost over a percent.

Sensex ends 182 points higher, Nifty50 above 7,850

The domestic equity market traded with smart gains on Thursday bucking the muted trend seen in other Asian and European markets. Ahead of the expiry of November F&O series, which expired at the end of the trading session, investors initiated fresh positions on the benchmark indices.

The S&P BSE Sensex ended the day with gains of 182 points, or 0.71 per cent, at 25,958 while the 50-stock barometer Nifty50 closed at 7,884, up 52 points, or 0.6 per cent. Tata Motors and Sun Pharma were the top gainers on the BSE benchmark, up 5.6 and 4 per cent, respectively.

Shares of Dr Reddy's Labs closed with losses of 8 per cent after the USFDA suggested that future approvals of its generic products may be under threat if the company does not comply with safety regulations.

Shares of Sun Pharma surged 4 per cent at close, snapping a four-day losing streak, after the drugmaker informed BSE that its subsidiaries have dropped a plan to invest in a wind energy project in the US.

BUZZING STOCKS:

Dr Reddy's Laboratories slumped 10 per cent in trade.

DLF surged over 5 per cent in trade.

Natco Pharma surged over 13 per cent in trade.

Videocon climbed over 5 per cent in trade.

Sun Pharma surged over 4 per cent in trade.

Tata Motors was up about 2 per cent in trade.

Opto Circuit rallied over 9 per cent in trade.

Shree Renuka Sugars dipped about 3 per cent in trade.

SPARC gained over 5 per cent in trade.

Sensex, Nifty continue to struggle; Infosys drags 3%

The market is struggling with the Nifty holding 8100 mark. The 50-shar index is down 30.95 points or 0.4 percent at 8112.65. The Sensex is down 111.72 points or 0.4 percent at 26792.39. About 1183 shares have advanced, 889 shares declined, and 102 shares are unchanged.

Bajaj Auto, Lupin, Coal India, Wipro and BHEL are top gainers while Hindalco, Vedanta, ONGC, Tata Steel and Infosys are major losers in the Sensex.

Gold steadied near a three-month high, as investors pushed back expectations of a Federal Reserve interest rate hike to next year and on a weaker dollar. The Fed was expected to raise US rates for the first time in nearly a decade this year, but recent weak US data, concerns over Chinese growth and volatility in financial markets have prompted markets to shift rate hike views to early 2016.

The US central bank refrained from hiking rates at its last meeting in September. It holds two more policy meets in 2015: on Oct. 27-28, and then in December. Higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. 

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Sensex, Nifty sluggish post Infosys nos; IT index down

The market is completely flat after the initial euphoria on Infosys results. The Sensex is up 5.53 points at 27085.04 and the Nifty is up 4 points or 0.05 percent at 8193.70. About 1259 shares have advanced, 909 shares declined, and 90 shares are unchanged.
 

Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close.

The market is still flat with all focus on Infosys' Q2 results. The Sensex is up 37.11 points at 27116.62 and the Nifty is up 11.20 points at 8200.90. About 1008 shares have advanced, 705 shares declined, and 66 shares are unchanged.


Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off. The stock is down 3 percent. Infosys' Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned.
 

Other losers are Cipla, HUL, HDFC and Maruti. Vedanta is up 7 percent while Tata Steel, Hindalco, ONGC and Tata Motors are top gainers.






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Sensex, Nifty, Midcap under pressure; rupee breaches 66/$

 

The Rupee breached 66-mark against dollar today, continuing depreciation for the second consecutive session. The currency fell 15 paise to 66.02 a dollar.

The market continued to see selling pressure following weakness in global peers on growth concerns. The Sensex fell 150.77 points to 25501.07 and the Nifty declined 61.90 points to 7750.10.

The broader markets, too, declined with the BSE Midcap and Smallcap indices falling 0.7 percent and 0.2 percent, respectively. About 687 shares have advanced, 968 shares declined, and 69 shares are unchanged on the BSE.

Shares of HDFC, ICICI Bank, Axis Bank, Tata Motors, L&T, ONGC, Bharti Airtel, Wipro and SBI were prominent losers in morning trade, down 1-2 percent. However, ITC, Mahindra & Mahindra, TCS, NTPC and Hero Motocorp outperformed with marginal gains.

Meanwhile, the rupee breached 66-mark against dollar today, continuing depreciation for the second consecutive session. The currency fell 15 paise to 66.02 a dollar. 

 

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Sensex, Nifty recover a bit; FMCG drags, infra stocks Gain

Tata Motors, Maruti, Axis Bank, L&T and SBI are top gainers while HDFC, Tata Steel, M&M, NTPC and Hindalco are among losers in the Sensex. FMCG index is down 0.6 percent from previous close.

The Sensex is down 111.74 points or 0.4 percent at 26107.17, and the Nifty slips 32.25 points or 0.4 percent at 7949.65. About 1231 shares have advanced, 967 shares declined, and 103 shares are unchanged. Reliance, HDFC, Dr Reddy's Labs, NTPC and BHEL are major losers while Tata Motors, Maruti Suzuki and Axis Bank are top gainers in the Sensex.

The market continues to drag but recovers from early morning's sharp losses. The Sensex is down 82.45 points or 0.3 percent at 26136.46 and the Nifty slips 23.30 points or 0.3 percent at 7958.60.

About 1176 shares have advanced, 837 shares declined, and 90 shares are unchanged. Tata Motors, Maruti, Axis Bank, L&T and SBI are top gainers while HDFC, Tata Steel, M&M, NTPC and Hindalco are among losers in the Sensex. FMCG index is down 0.6 percent from previous close. 

 

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Sensex up 500pts, Nifty hits 8050; Bank Nifty at 1-mth high

Equity benchmarks gained more strength in noon trade, majorly led by banking & financials. The Sensex rallied 507.37 points or 1.95 percent to 26471.34 and the Nifty climbed 155.15 points or 1.96 percent to 8054.30.

The BSE Midcap and Smallcap indices gained 1.9 percent and 1.6 percent, respectively. About 1709 shares have advanced against 553 shares declined on the Bombay Stock Exchange.

Axis Bank (5 percent), ICICI Bank (4.1 percent), SBI (3.7 percent) and M&M (3.6 percent) are the top gainers in Nifty. Among the losers are Tata Motors (-1.9 percent), HUL (-0.9 percent), Bharti Airtel (-0.7 percent) and GAIL (-0.6 percent).

Bank Nifty topped the buying list among sectoral indices, up 3.7 percent to 17,588.50, the one-month high. All banks gained between 2 percent and 5 percent.

CRISIL (8 percent), IRB Infra (7 percent), Union Bank (6 percent), IDBI Bank (5 percent) and DLF (5 percent) were the big winners in the midcap space. Other notable gainers included Karnataka Bank (4 percent), Canara Bank (5 percent), GMR Infra (5 percent), Oriental Bank (5 percent) and Amara Raja Batteries (5 percent).

The rupee gained past 66 a dollar. It was quoting at 65.94 to the dollar, up 52 paise over its previous close.

Among key Asian markets Singapore’s Straits Times was up 10 points at 2906, Hong Kong’s Hang Seng was up 59 points at 21914, and China’s Shanghai was up 1 points at 3087. Japan’s Nikkei 225 closed at 18070, down 362 points or 2.0 percent over its previous close, Korea’s KOSPI closed at 1995, up 19 points or 1.0 percent , and Taiwan’s Taiwan Index closed at 8462, up 16 points 

 

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Live Market Updates: Sensex, Nifty slip 1.7%; Bank And OIL.

Cipla and Lupin are only the two Sensex gainers. Tata Steel, Tata Motors, Vedanta, Hindalco and ICICI Bank are major laggards in the Sensex.

The market sees a bit of recovery. The Sensex is down 429.33 points or 1.7 percent at 25335.45 and the Nifty slips 136.60 points or 1.7 percent at 7686.40. About 323 shares have advanced, 1855 shares declined, and 71 shares are unchanged.

Continous heavy selling keep the market wobbly on Friday. The Sensex is down 516.71 points or 2 percent at 25248.07 and the Nifty is down 163.60 points or 2 percent at 7659.40. About 293 shares have advanced, 1809 shares declined, and 56 shares are unchanged.

Cipla and Lupin are only the two Sensex gainers. Tata Steel, Tata Motors, Vedanta, Hindalco and ICICI Bank are major laggards in the Sensex.

Oil prices edged lower in cautious Asian trade today as investors await the release of a US jobs report for August that could determine the Federal Reserve's timetable for hiking interest rates. A rate hike would likely strengthen the greenback, making dollar-priced oil more expensive to holders of weaker currencies, hurting demand and prices. However, Ang said crude retained some support after the European Central Bank (ECB) on Thursday indicated more stimulus could be on its way for the eurozone.

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Friday Morning Stocks News For Traders

IFII view on market crash : With volatility appearing to ebb a bit following the Black Monday that hit global markets this week, leading market experts are now saying a major part of it was driven more by technicals than fundamentals. "There was forced selling on the part of momentum traders. And selling begets more selling," Bob Doll of Nuveen Asset Management told CNBC-TV18. While admitting that there have been growth concerns in emerging markets, Doll said the intensity of the crash -- which wiped off as much as USD 5 trillion off investor wealth globally -- meant there was more to it than fundamentals. However, Doll said he was underweight most emerging markets -- barring exceptions such as India -- and said strong economic data out of the US could mean the Federal Reserve could hike rates in September

RBI on stressed loans : Reserve Bank Governor Raghuram Rajan came down heavily on promoters of some large distressed companies taking advantage of banks' fear of an asset turning dud and making unjustified demands. "Some large promoters take advantage of bankers fear about assets turning non-performing to extract unwarranted concessions, without any sacrifice in the value of their stake," Rajan wrote in his Overview on the 2014-15 Annual Report of the central bank release on Thursday. The Reserve Bank follows a July-July financial year. 

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The Market Continues To Bleed With The Nifty

The market continues to bleed with the Nifty below 8250. The 50-share index is down 120.70 points or 1.4 percent at 8252.05. The Sensex is down 398.86 points or 1.4 percent at 27208.96. About 436 shares have advanced, 1789 shares declined, and 65 shares are unchanged. Midcaps see sharp losses with the likes of Mastek, Motherson Sumi, Central Bank seeing pressure. Vedanta, Tata Motors, Hero MotoCorp, GAIL and SBI are among major losers while Infosys, Sun Pharma, Lupin, TCS and HUL are top gainers. Rupee falls further testing 66 levels. Oil is headed for its eighth straight weekly decline in Asia, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market. Asian shares fell continuing a global sell-off in equities that hit Wall Street overnight and saw the Dow reach its lowest level this year as concerns about the health of the world economy snowballed. Analysts fear a slowdown in China, the world's second-biggest economy, could drag on global growth and curb energy demand bad news for oil prices at a time when markets are already oversupplied with crude. 10:00

                             Shares of Tata Communications outperformed the equity market, rising 3.5 percent intraday as two big multinational companies are in race to buy the telecommunications and internet service provider's data centre business. "Search engine giant Google Inc and ecommerce behemoth Amazon are among those in talks with the Tata Group to buy the data centre business of Tata Communications in a deal expected to fetch about Rs 4,261.4 crore to Rs 4,589.2 crore ($650-700 million)," said a media report 

 

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Sensex is up 144.42 points or 0.5 percent at 27656.68

The devaluation of the yuan should not be seen as a sign of China wanting to wage a currency war, but it is more to do with China's ambitions to facilitate yuan's inclusion in Special Drawing Rights (SDR), says Dennis Tan, Fx Strategist, Barclays. He adds that it should be seen more as a liberalisation or a reform measure to improve he fixing mechanism so that it reflects the market rates. 11:40 am Market check: The Sensex is up 144.42 points or 0.5 percent at 27656.68 and the Nifty is up 44.05 points or 0.5 percent at 8393.50. About 1347 shares have advanced, 1073 shares declined, and 127 shares are unchanged. Cipla, Bharti Airtel, Lupin, Cipla, SBI and Coal India are top gainers in the Sensex. Among the losers are Vedanta, Tata Steel, Hindalco, GAIL and Wipro. 11:30 am Nestle India: Bombay High Court has set aside FSSAI order banning Maggi noodles. However, Nestle will not manufacture or sell Maggi till testing is completed. The stock is up 5 percent. Don't miss: India's rates too high; will draw hot money amid falling yuan: Fin Secy The market has bounced back after four days of losses led higher by the bank Nifty as global markets stabilised and sentiment is boosted by the CPI data for July that came in much better than estimates at 3.78 percent versus 5.4 percent in June. Rupee, however, slipped to the day's low after a decent start. The Sensex is up 129.66 points or 0.5 percent at 27641.92, and the Nifty up 38.25 points or 0.5 percent at 8387.70. About 1311 shares have advanced, 980 shares declined, and 117 shares are unchanged. Bharti Airtel, Cipla, Lupin, SBI and Hero MotoCorp are top gainers in the Sensex. Among the losers are Tata Steel, Vedanta, GAIL, Hindalco and Wipro. China's central bank said that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As the yuan fell for the third straight day, the People's Bank of China (PBOC) said the country's strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves provided "strong support" to the exchange rate. China's decision to devalue the currency on Tuesday by pushing its official guidance rate down 2 percent sparked fears of a "currency war" and roiled global financial markets, dragging other Asian currencies to multi-year lows.

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Sensex dropped 130.53 points to 27971.19

The Sensex dropped 130.53 points to 27971.19 and the Nifty slipped 40.85 points to 8484.75. About 889 shares have advanced, 1632 shares declined, and 127 shares are unchanged on the BSE. Metals & tyre stocks lost ground, reacting to Chinese central bank's decision to devalue yuan, stoking fears of Chinese exports becoming cheaper. The Tyre Manufacturing Association told CNBC-TV18 that dumping of cheaper tyres by China will hurt the Indian tyre industry. MRF, Ceat, Apollo Tyres and Goodyear dropped 2-4 percent. Tata Steel and Hindalco plunged 3 percent each. In key earnings today, SBI's profit may slow down to single digit. Street will watch out for bank's slippage trend and 5 by 25 restructuring for June quarter. For Sun Pharma, revenue is seen up 1.7 percent to over Rs 6,200 crore quarter-on-quarter. And Tata Steel is expected to report a poor set of numbers with margin contracting 400 basis points due to weak global pricing and sharply lower domestic realisations may be the big drag. Infosys rallied 2 percent and TCS gained 1 percent as sources told CNBC-TV18 that TCS and Infosys emerged as frontrunners for GST IT contract.

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Updates on Bank Nifty And Nifty future Tips

Bank Nifty - Bank Nifty Index opened up at 18331.55 with  +49.60 points up from the previous day closing at 18282.80  and  closed  positive  at  18323.40.  From the opening we saw continuous selling in Bank Index, Bank Index opened with day high of 18383.65 and slipped  down near 11.30 O’clock Bank Index made a day low of  18264.30 but till closing Bank Index recovered and closed  positive at 18323.40 with +0.22%, +40.60 points up.  At the end of the market day Bank Nifty futures Gained +0.10%, +18.45 points up to close at +18332.65 from the  previous day closing at 18314.20 with premium of  9.25 points and percent change in open interest of  -7.66%.               

                                             Nifty Futures- Nifty futures opened up at 8385.50 with  +34.55 point from the previous day closing at 8350.95.  From the opening we saw continuous buying in Nifty Futures, Nifty Futures opened with day low of 8336.85 and moved up  near closing of the market Nifty Futures traded with day highof 8388.00 and closed positive at 8382.45 with +0.38%,  +31.50  points  up.  And the full day Nifty Index traded between 8388.00-8336.85. At the end of the day Nifty futures Gained +0.38%, +31.50 points up to close at +8382.45 from the previous day closing at 8350.95 with premium of 7.40 points and percent  change in open interest of -10.03%

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Bank Nifty Index opened up at 18063.60 with +61.70 points

Nifty futures tips:  On Monday market Nifty index opened up at 8305.25 with +25.10 points from the previous day closing at 8305.25 and closed negative at 8213.80. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8334.45 and near closing Nifty Index traded with day low of 8202.35, and closed negative at 8213.80 with -1.10%, -91.45 points down. And the full day Nifty Index traded between 8334.45-8202.35. At the end of the day Nifty futures Loosed -1.27%, -105.85 points down to close at -8212.95 from the previous day closing at 8318.80 with discount of 0.85 points and percent change in open interest of +2.16%.

Bank Nifty –Bank Nifty Index opened up at 18063.60 with +61.70 points from the previous day closing at 18001.90 and closed negative at 17767.60. From the opening we saw continuous selling in Bank Nifty Bank Index opened with day high of 18075.70 and full day we saw continuous selling in Bank Index and near closing Bank Index made a day low of 17738.90 and closed negative at 17767.60 with -1.30%, -234.40 points down. At the end of the market day Bank Nifty futures Loosed -1.30%, -235.25 points down to close at -17795.90 from the previous day closing at 18031.15 with premium of +28.30 points and percent change in open interest of +5.61%.

Bank Nifty Index opened up at 18290.75 with +45.15 points

Nifty Future tips –Bank Nifty Index opened up at 18290.75 with +45.15 points from the previous day closing at 18245.60 and closed positive at 18001.90. From the opening we saw continuous selling in Bank Nifty Bank Index opened with day high of 18290.75 and full day we saw continuous selling in Bank Index and near closing Bank Index made a day low of 17916.80 and closed negative at 18001.90 with -1.34%, -243.70 points down. At the end of the market day Bank Nifty futures Loosed -1.11%, -202.95 points down to close at -18060.00 from the previous day closing at 18262.95 with premium of +58.10 points and percent change in open interest of +10.87%.

India Indices- On Friday market Nifty index opened up at 8405.70 with +7.40 points from the previous day closing at 8398.30 and closed negative at 8305.25. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8413.30 and near 2.45 O’clock Nifty Index traded with day low of 8273.35, and closed negative at 8305.25 with -1.11%, -93.05 points down. And the full day Nifty Index traded between 8413.30-8273.35. At the end of the day Nifty futures Loosed -0.79%, -66.65 points down to close at -8338.70 from the previous day closing at 8405.35 with premium of +33.45 points and percent change in open interest of -0.82%. 

Bank Nifty Index opened up at 18350.35 with +106.65 points

Nifty Future tips

India Indices- On Thursday market Nifty index opened up at 8478.20 with +48.50 points from the previous day closing at 8429.70 and closed negative at 8398.30. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8504.95 and near 1.15 O’clock Nifty Index traded with day low of 8361.85, and closed negative at 8398.30 with -0.37%, -31.40 points down. And the full day Nifty Index traded between 8504.95-8361.85. At the end of the day Nifty futures Loosed -0.74%, -62.20 points down to close at -8399.00 from the previous day closing at 8461.20 with premium of +0.70 points and percent change in open interest of -0.57%. 

Bank Nifty –Bank Nifty Index opened up at 18350.35 with +106.65 points from the previous day closing at 18243.70 and closed positive at 18245.60. From the opening we saw continuous selling in Bank Nifty Index, and near 1.30 O’clock Bank Index Bank Index traded with day low of 18143.75 and after that Bank Index moved up with continuous buying and closed positive at 18245.00 with +0.01%, +1.90 points up. At the end of the market day Bank Nifty futures Loosed -0.23%, -41.40 points down to close at -18256.00 from the previous day closing at 18243.70 with premium of +10.40 points and percent change in open interest of -2.30%.

Nifty index opened up at 22.65 with points

Nifty Future tips: On Wednesday market Nifty index opened up at 22.65 with points from the previous day closing at 8448.10 and closed positive at 8429.70. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8469.35 and near 1.15 O’clock Nifty Index traded with day low of 8284.70, and closed positive at 8429.70 with +0.62%, +51.95 points up. And the full day Nifty Index traded between 8449.95-8284.70. At the end of the day Nifty futures Gained +0.72%, +60.75 points up to close at +8461.20 from the previous day closing at 8400.45 with premium of 31.50 points and percent change in open interest of -0.72%.

Nifty index opened up at 8612.80 with 12.80 points from the previous day

Nifty Future tips: On Monday market Nifty index opened up at 8612.80 with 12.80 points from the previous day closing at 8606.00 and closed negative at 8448.10. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8619.95 and near closing Nifty Index traded with day low of 8422.75 ,and closed negative at 8448.10 with -1.83%, -157.90 points down. And the full day Nifty Index traded between 8619.95-8422.75. At the end of the day Nifty futures Loosed -1.96%, -169.15 points down to close at -8469.70 from the previous day closing at 8638.85 with premium of 21.60 points and percent change in open interest of +8.20%. 

Bank Nifty –Bank Nifty Index opened up at 18386.25 with +40.70 points from the previous day closing at 18345.55 and closed negative at 18112.75. At the opening we saw buying in Bank Nifty Index, and near 12 O’clock Bank Index traded with day high of 18500.30 and after noon Bank Index slipped down with continuous selling and closed negative at 18112.75 with -1.27%, -232.80 points down. At the end of the market day Bank Nifty futures Loosed -1.28%, -235.05 points down to close at -18173.00 from the previous day closing at 18408.35 with premium of 60.55 points and percent change in open interest of +16.43%.

Bank Nifty Index opened down at 18618.50 with -18.55 points

Nifty Future tips: Bank Nifty Index opened down at 18618.50 with -18.55 points from the previous day closing at 18637.05 and closed negative at 18345.55. From the opening we saw continuous selling in Bank Nifty Index, Bank Index opened with day high of 18625.75, and full day we saw continuous selling in Bank Index and near closing traded with day low of 18321.75 and closed negative at 18345.55 with -1.56%, -291.50 points down. At the end of the market day Bank Nifty futures Loosed -1.38%, -257.90 points down to close at -18415.00 from the previous day closing at 18672.90 with premium of 69.45 points and percent change in open interest of +9.33%.

India Indices- On Friday market Nifty index opened down at 8698.05 with -8.65 points from the previous day closing at 8706.70 and closed negative at 8606.00. From the morning we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8699.85 and near slipped down with continuous selling and near closing Nifty Index traded with day low of 8596.70,and closed negative at 8606.00 with -1.16%, -100.70 points down. And the full day Nifty Index traded between 8699.85-8596.70. At the end of the day Nifty futures Loosed -1.03%, -90.05 points down to close at -8636.10 from the previous day closing at 8726.15 with premium of 30.10 points and percent change in open interest of +7.34%.

Nifty futures opened down at 8847.00 with -7.55 point

Nifty futures tips: Nifty futures opened down at 8847.00 with -7.55 point from the previous day closing at 8855.45. From the opening we saw continuous buying in Nifty Futures, Near 2 O’clock Nifty Futures traded with day high of 8873.65 and till closing Nifty slipped down with continuous selling and closed negative at 8770.00 with -0.96%, -85.45 points down. And the full day Nifty Index traded between 8873.65-8757.80. At the end of the day Nifty futures Loosed -0.96%, -85.45 points down to close at -8770.00 from the previous day closing at 8855.45 with premium of 19.80 points and percent change in open interest of +5.52%.