Bulls in the lead: Auto rallies

The Indian markets witnessed superb recovery session, with Auto, FMCG and Healthcare being the key gainers. The Nifty ended 37 points up at 8779 and the Sensex ended 186 points up at 28599. The global scenario also looked up today.

On the NSE, 32 shares closed in the green and 19 shares ended the day in red.

In today’s trading session, apart from Auto, FMCG and IT sector all the sectoral indices closed on the green mark, up more than 100 points each. Consumer Durables, Capital Goods and Healthcare were top gainers, and closed up more than 50 points each. While Metals and Banks closed on a nominally negative note.

The Asian markets were quoting in the mix. Japan’s Nikkei closed positive by 114 points.  Hong Kong’s Hang-Seng market was closed for the day, while KOSPI closed on the negative mark.

European markets were also trading in negative scenario.

Derivative Analysis

Nifty future closed above 8800 mark, indicating more strength ahead.