Volatile Day Ends Higher

The Indian markets saw some positive action on June F&O expiry closing. The indices Capital Goods, Bankex and Auto ended at the higher levels. The Nifty ended 37 points higher at 8398 and Sensex was up by 166 points at 27895.

The advance-decline ratio ended on the same note on both sides by closing. On the NSE, 1343 shares closed in green, while 1317 shares ended the day in red.

Top 5 Nifty Gainers: Bajaj Auto closed the day with the top gains on NSE, up by 4.67%. GAIL, Cairn India, L&T and IndusInd Bank were among the other scrip that gained strongly.

Top 5 Nifty Losers: Tech Mahindra was down by 2.8%, followed by Wipro, Cipla, ONGC and HUL.

11 out of the 13 sectoral indices ended in the green. Capital Goods was the top gainer, up by 369 points. Bankex and Auto were 160 points higher, while Oil & Gas went up by 94 points. Mid-Caps and Small-Caps also provided good support and closed more than 50 points up. However IT and FMCG remain in stress.

The Asian markets closed in negative. Hang Seng was the top loser, down by 259 points. The Nikkei market ended down by 96 points. However Taiwan witnessed some gains.

Buzzer: Bajaj Auto surges by 4% and closed above the technical level of 2500. If the stock sustains above this level it may see 2550 level in the next few days.

Nifty Futures ended above the 8400 level, which is a bullish indicator for the next trading session.