DSIJ Mindshare

Sensex Ends Near 19K, Bankex Up By 9%

The Indian markets saw massive buying in today’s trading session. The markets had pulled up right from the beginning of today’s trading session and it held on to these gains till the closing bell. The Nifty ended higher by 144 points at 5592 and the Sensex gained 412 points to end the day at 18979.

The advance-decline ratio was positive at closing. On the NSE, 1947 shares closed in the green, while 1391 shares ended the day in red.

Top 5 Nifty Gainers: Axis Bank closed the day with the top gains on the NSE, up by 15.7%. SBI, ICICI Bank, DLF and Kotak Mahindra were the others that ended higher.

Top 5 Nifty Losers: Sesa Goa was the top loser and it ended the day lower by 4.34%. It was followed by TCS, Infosys, Lupin and HCL Tech.

12 out of 13 sectors indices closed in the green today. Bankex was the highest gainer as it closed higher by 930 points by the day’s end. Consumer Durables and Capital Goods were up by 249 points and 243 points. Oli & Gas also ended higher as it gained 166 points. Mid-caps and small-caps both ended the day higher by 85 points each. However IT was showing some down trend as it ended lower by 238 points. 

The Asian markets ended on a positive note as well. The Hang Seng and Nikkei closed up by 271 points and 10 points respectively. The Shanghai Composite too ended on a positive note.

Buzzer: Yes Bank saw tremendous price appreciation today as stock prices went up by 21% and ended at Rs 287. The scrip broke all of its technical levels and ended with a cross over at Rs 270. Above this level, the stock may cross Rs 300 in coming trading sessions.

Nifty Futures closed above its vital resistance level of 5550. If tomorrow’s opening is 5600, we can expect to see more upward movement.

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