DSIJ Mindshare

Indices shine; BHEL jumps by 4.7%

The Indian markets not only opened on a positive note, but ended up with good volumes on June F&O expiry session. The markets were volatile after mid-session but again they closed near day highs. The Nifty ended with gains of 83 points at 8287 and Sensex was up by 259 points at 26999.

The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1598 shares closed in green, while 1016 shares ended the day in red.

Top 5 Nifty Gainers: BHEL closed the day with the top gains on the NSE, up by 4.7%.Grasim, Dr. Reddy's Labs, Yes Bank and Axis Bank were the others that ended higher.

Top 5 Nifty Losers: Sun Pharma was the top loser, down by 0.9%, followed by Infosys, Ambuja Cement, Cipla and Bosch.

All indices ended in the green. Bankex was the top gainer for the day, up by 295 points, followed by Auto and Capital Goods, which were up by 271 points and 177 points, respectively. Metals and Consumer Durables were up around 150 points each. Mid-Caps and Small-Caps were up in the range of 110-140 points each.

In the Asian markets, the Hang Seng ended higher by 358 points. On the other hand, the Nikkei closed up by 9 points. The Taiwan and KOSPI ended on a positive note.

Buzzers: Bharat Heavy Electrical has emerged as outperformer of the day. The stock surged by 4 per cent and made high around Rs 128. Going ahead the stock has a major hurdle at Rs 135. 

The Nifty Future closed around 8300 level, and may face a hurdle around 8350/8380 levels.   

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