Nifty At Record High On F&O Expiry.

The Indian markets witnessed superb rally in the last hour of the January series F&O expiry session. Today Healthcare and Oil Gas stocks saw massive buying and their indices were up by more than 150 points. This was followed by Capital Goods index which moved up by 140 points. The Nifty made another record high on closing basis and was up by 38 points in today’s session and closed at 8952 while Sensex was up by 122 points and closed at 29681 at the closing bell.

The advance-decline ratio on NSE was flat, as the day ended with 1429 shares in green and 1452 shares in the red zone.

Top Nifty Gainers: BPCL closed the day higher by 3.91%, followed by Dr Reddys Lab, HDFC Bank, BHEL and Ambuja Cement.

Top Nifty Losers: PNB closed the day lower by 3.68%, followed by Asian Paints, Bank Of Baroda, Coal India and SBI.

The sectoral indices were positive in today’s session. Healthcare and Oil & Gas stocks witnessed massive amount of buying in today’s trade. This was followed by Capital Goods stocks also were up by 140 points. While Banking, Auto and FMCG stocks closed in positive territory. However Metals and Mid-Caps stocks witnessed some profit booking in today’s trade and closed in red mark, down by 22 points and 37 points respectively.

All the Asian markets also closed in red in today’s trade. The Hang Seng market saw negative move of 265 points. This was followed by Nikkei and Taiwan index that closed down by 189 points and 84 points respectively. While the Straits Time and Shanghai market too closed on the negative note.

Buzzer: BPCL was up by more than 3.5% on the bourses today and closed up at the technical level around Rs 725. If the stock opens above this level, it may touch Rs 745/760 mark in the next few sessions.

Nifty Future took vital support around 8850 in intraday chart. If its sustain above 8900 level may see more upside to make new highs.