Markets Continue With Positive Momentum
From last five consecutive trading sessions the Indian markets are continuously moving up and scaling new highs. Today session was more focused on Capital Goods and Consumer Durables index that saw upward move of 144 points each. Followed by IT and Bankex that surged by 106 points and 87 points respectively. As a result the Nifty continue with the bullish trend, ends up by 33 points at 8729 and Sensex up by 104 points at 28888 at closing bell.
The advance-decline ratio on NSE was negative side, as the day ended with 1233 shares in green and 1718 shares in the red zone.
Top Nifty Gainers: HUL closed the day higher by 5.19%, followed by Bharti Airtel, Bank Of Baroda, PNB and HDFC.
Top Nifty Losers: ITC closed the day lower by 4.96%, followed by Cipla, Zee Entertain, Sesa Sterlite and NMDC.
Most of the sectoral indices were positive in today’s session. Capital Goods and Consumer Durables stocks were seen northward move of 144 points each. Followed by IT and Banking stocks were also closed in positive territory, up by 106 points and 87 points respectively. While Health Care and Auto stocks were provide some support up 48 points and 13 points respectively. However FMCG and Metals stocks witnessed some profit booking trade closed in red mark, down by 155 points and 58 points respectively. Followed by Mid-Caps and Small-Caps stock closed in red mark.
The Asian markets also shown rally in today’s trade. The Hang Seng market saw up move by 401 points. Followed by Shanghai and Taiwan index, were closed up by 150 points and 68 points respectively. However the Nikkei market closed on the weaker note down by 85 points.
Buzzer: Bank Of Baroda was up by more than 3.5% on the bourses today and closed up at the technical level around Rs 1125. If the stock opens above this level, it may touch Rs 1150/1175 mark in the next few sessions.
Nifty future closed above 8700 mark, Indicating vital support on the lower side around 8640/8600 levels.