Choppy Indices Ends On Positive Note
Today was the upbeat trading session for the bulls, as the benchmark indices finally managed to close in positive mark. Capital Goods and Banking indices pulled the index on the higher side, as a result markets witnessed massive recovery towards the closing buzz. Mid-Caps and Small-Caps index, also closed in the positive territory. The Nifty reclaimed the technical level of 8400 mark, and closed up by 52 points at 8429 while Sensex was up by 214 point and closed at 27890.
The advance-decline ratio on NSE was flat as the day ended with 1364 shares in green and 1391 shares in the red zone.
Top Nifty Gainers: ACC closed the day higher by 4.09%, followed by HUL, Hero Motocorp, L&T and Axis Bank.
Top Nifty Losers: Wipro closed the day lower by 5.81%, followed by ONGC, SBI, Cairn India and HCL Tech.
Most of the sectoral indices were shown good recovery in today’s trade. Capital good stocks witnessed good rally its index broke all the technical hurdles and was up by 318 points in today’s trade. This was followed by Bankex and Healthcare index that were up by around 150 points each respectively. While Mid-Caps and Small-Caps also closed in green territory. However IT and Oil & Gas index remained in stress and indices were down by 72 points and 39 points respectively.
The Asian markets continued with some positive scenario. The Nikkei market saw superb up moves by 224 points. Followed by Hang Seng market that was up by 83 points. While the Taiwan index and Shanghai Composite market saw nominal positive trades.
Buzzer: ACC was up by more than 4.5% on the bourses today and closed up at the technical level of around Rs 1550. If the stock opens above this level, it may touch Rs 1575/1590 mark in the next few sessions.
The Nifty Future holds and closed above 8450 mark, Indicating vital support at lower levels.