Indian stock markets ended that day negatively amid volatility. Heavy buying activity was seen in FMCG, metal, healthcare stocks, whereas oil, power and consumer goods stocks went down.

The 30-share index Sensex, on Monday (August 4), opened with a negative gap of 62.05 points at 14,594.64 the back of profit booking. After few minutes, Sensex moved into the positive terrain to trade on a flat note.

BSE Midcap and Smallcap index closed after gaining 1.77% each.

Asian stocks slipped on Monday, led by transport companies. Nissan Motor announced lower than expected earnings on Monday.

Moreover, Marine Engineering Co. and Daewoo Shipbuilding stated that its client canceled an order and anticipated that decelerating growth may force more customers to cancel the orders.

Finally, the Sensex marked its closure on a negative note after dropping 78.82 points at 14,577.87 after touching a high of 14,725.9 and low of 14,503.51.

In contrast, the broad-based NSE Nifty closed 18.20 points down at 4,395.35 after hitting a high of 4,436.15 and low of 4362.90.

The overall market breadth was positive as it saw 1,845 progressions as against 805 declinations.

All sectoral Indices traded positive but for Capital Goods (0.85%), Power (0.20%), Oil and Gas (0.18%).

The major gainers in the 30-share index included Grasim Industries (3.18%) followed by Ranbaxy Lab (2.80%), JP Associates (2.38%). Maruti, Tata Steel, ACC, Satyam Computers were other leaders.

TCS led the losers package (2.73%), followed by RIL (2.49%), BHEL (2.41%). ONGC, L&T, HDFC, DLF were among the other major losers.

While commenting on the stock market, technical analyst, Vishwas Agarwal stated, “On BSE, 14,786 is an important level to cross and sustain further upside. Until then the market will be volatile and stock specific.”

“Markets still in the safe zone and a good trading market for smart traders,” he added.

Mr. Agarwal also said that many stocks have risen handsomely on Monday, and the trend will continue until any major bad news doesn’t come.

Overall market sentiments look strong, so traders keep on trading with proper stop loss in quality stocks.

He also recommended SRS, Orchid Chemicals and RPL for trading.