Bulls On Upper Hand, Bankex Fire.
The Indian markets witnessed superb northward move in today’ trade. Rally majorly led by banking stocks. Banks like SBI, PNB, Yes Bank, IndusInd Bank and Bank Of Baroda shown around five per cent up move. While some Auto, Capital Goods and Oil& Gas stocks also saw handsome up move. At the end of today session, Nifty closed up by 94 points at 8588 while Sensex closed at 28693, up by 255 points.
The advance-decline ratio on NSE was on the mixed side as the day ended with 1504 shares in green and 1522 shares in the red zone.
Top Nifty Gainers: PNB gained 7.41% in today’s trade, followed by Bank Of Baroda, Asian Paints, SBI and IndusInd Bank.
Top Nifty Losers: Cairn India closed the day lower by 4.44%, followed by Sesa Sterlite, Jindal Steel, Bharti Airtel and ONGC.
Most of the sectoral indices closed on a positive note. Bankex witnessed northward move more than 550 points. Followed by Auto and Capital Goods that closed in positive territory and were up around 367 points and 164 points respectively. While Metals, Health Care, Mid-Caps and Small-Caps also ended on positive territory. However IT witnessed closed marginally lower by 6 points.
Major Asian markets closed the day on a mixed note. The Nikkei index shown handsome up move of 211 points, followed by Taiwan and Shanghai Composite closed in positive territory. While HangSeng and KOSPI Index closed in negative note.
Buzzer: PNB was up by more than 7% on the bourses today and closed near the technical level of Rs 1070. If the stock opens above this level, it may touch the Rs 1090/1110 mark in the next few sessions.
Nifty Future has given fresh bullish breakout as closed above 8600 mark. Going ahead it may continue with this upward journey.