Nifty On The Upper Hand, Sensex Above 27500 Mark

The benchmark indices continued with the recovery mode even in today’s trading session. Auto and Banking indices continued with the handsome up moves and that were up by more than 450 points each. Metals, Healthcare and Consumer Durable stocks also were seen in positive movement and its indices were up by 200 points each. Mid-caps and Small-Caps also closed in positive territory. The Nifty closed the day with 134 points gain  at 8325 while Sensex was up by 401 point and closed at 27507.

The advance-decline ratio on NSE was on the positive side, as the day ended with 1761 shares in green and 973 shares in the red zone.

Top Nifty Gainers: Bank Of Baroda closed the day higher by 16.95%, followed by Vedanta, SBI, UltraTech Cement and Hero Motocoprp.

Top Nifty Losers: HUL closed the day lower by 3.41%, followed by ITC, Bharti Airtel and Lupin.

Most of the sectoral indices witnessed good recovery. Auto and Banking stocks witnessed handsome rally and broke all the technical hurdles and were up by more than 450 points. This was followed by Consumer Durables, Metals and Healthcare index that were up by around 250 points each. While Mid-Caps and Small-Caps also closed in green territory. However FMCG index remained in stress and its index was down by 24 points.

The Asian markets continued with some positive scenario. The Nikkei market saw gained 241 points in today’s trade this was followed by Hang Seng market that was up by 140 points. While Shanghai Composite and KOSPI market saw nominal positive trades.    

Buzzer: SBI was up by more than 5.30% on the bourses today and closed up at the technical level around Rs 275. If the stock opens above this level, it may touch Rs 290/300 mark in the next few sessions.

The Nifty Future made a bullish crossover after its broke 8300 level. If its sustain above this level may see more up moves.