Indices Continue With Upward Journey
The market continued with its upward momentum from last couple of days. Today, Consumer Durables and Health Care stocks were seen rallying to provide support to the index, followed by Bankex and Oil & Gas. Mid-caps and small-caps also closed on lifetime high. The Nifty index saw up moves by 55 points at 8083 and Sensex closed positive by 151 points at 27019 at the end of today’s trade.
The advance-decline ratio on NSE was positive, as the day ended with 2037 shares in green and 1561 shares in the red zone.
Top Nifty Gainers: Cipla gained 5.27% in today’s trade, followed by Hero, Bharti Airtel, Grasim, Ambuja Cement and ACC.
Top Nifty Losers: Jindal Steel closed the day lower by 3.19%, followed by Sesa Sterlite, Tata Power, HUL and Tata Steel.
The sectoral indices closed on a positive note. Consumer Durables and Health Care stocks witnessed massive rally in today’s trading session, up by 250 points each, followed by Bankex and Oil & Gas. Mid-caps and small caps also closed more than 100 points positive. IT, FMCG and Auto saw up-trade of around 50 points each, while Metals closed in the negative territory.
All the Asian markets closed on a mixed note today’s session. The Nikkei market closed on a positive mark, up by 192 points. However Hang Seng closed nominally negative, while Taiwan was down by 113 points.
Buzzer: Bharti Airtel was up by more than 4.2% on the bourses today and closed above the technical level of Rs 390. If the stock opens above this level, it may touch the Rs 410/425 mark in the next few sessions.
Nifty future closed above 8125 mark. The levels of 8150/8170 will be the major hurdles in tomorrow’s trading session.