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Nifty jumps to cross 8,200; ICICI Bank surges 4%

Indian markets were in a bull grip on November 30, 2016. Indices witnessed strong upmove and all the sectors were in the green till the closing session. Nifty surged to close 83 points up at 8224 and Sensex was up by 258 points at 26652. Both the indices closed on a positive note, up around one per cent each. 

The advance-decline ratio was positive in the closing session. On the NSE, 36 shares closed in the green, while 15 shares ended the day in the red.

All the sectoral indices closed on a positive note. Bankex led today’s rally, notching up 458 points. Consumer Durables and Auto indices were outperformers of the day, up 270 points and 199 points, respectively. Mid-caps and Small-caps also surged more than 100 points each. Healthcare, Oil & Gas, FMCG, Metals and IT also closed in the positive territory.

Among Asian markets, Nikkei closed nominally up by two points, while Hang Seng ended up by 53 points. KOSPI and Taiwan also ended on a positive note.

European markets were also trading in the positive territory.

Derivative Analysis

Nifty future closed above the 8250 mark. This may be considered as a fresh bullish breakout for further upmove.

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Hexaware launches Amaze-an automated cloud replatforming solution

Geyatee Deshpande / Article rating: 5.0

Hexaware Technologies has announced the launch of ‘Amaze for Applications’, which is a robust, automated, mass migration replatforming solution for legacy applications to shift to the cloud. This solution is expected to enable companies to save 60 per cent of their implementation costs and 75 per cent in cloud migration time while, simultaneously increasing elasticity, productivity and efficiency.