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Indices surge, Auto up by 1.2 %

By Abhijeet Gosavi | 9/28/2016 6:04 PM Wednesday

The Indian markets witnessed handsome recovery from lower ends. Auto index led the rally followed by Metals and Bankex. The Nifty index ended up by 39 points at 8745 and Sensex closed 69 points higher at 28292. Both the indices closed higher  by 0.2-0.45 per cent respectively.

The advance-decline ratio ended on the positive side today. On the NSE, 39 shares closed in green, while 12 shares were in the red.

Majority of the sectoral indices closed in positive in today’s session. Auto and Metals were the gainers, up by 274 points and 187 points respectively. While Bankex and Capital Goods were up by around 164 points and 149 points respectively. Mid-caps, Small-Caps & Consumer Durables also  closed in positive territory. 

In the Asian markets, the Nikkei closed down by 218. The Hang Seng index ended up by 47 points. While the Taiwan and KOSPI ended on a negative note.

European markets were also trading in negative scenario.

Derivative Analysis

Nifty future closed at 8750. If it sustains above this level, it may see more upward moves. 

 

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