Sensex Recovers And Closes Above 26k Mark

The markets continued to witness its profit booking trade in the morning session. However Sensex saw superb recovery to close above 26000 mark. The sectors like Banking, Auto, Consumer Durable and Health Care pulled the indices on the higher side. As a result the 50 share Nifty index closed up by 42 points at 7791 and the Sensex ended the day on the higher side at 26087, up by 96 points.

The advance-decline ratio on NSE was on the negative side as the day ended with 1716 shares in green and 1866 shares in the red zone.

Top Nifty Gainers: Bharti Airtel gained 5.42% in today’s trade, followed by Lupin, PNB, Kotak Mahindra and DLF.

Top Nifty Losers: L&T closed the day lower by 7.13%, followed by Tata Power, Jindal Steel, United Spirits and Tech Mahindra.

Most of the sectoral indices closed on a positive note. Banking witnessed massive recovery by 240 points, followed by Health Care and Consumer Durables, which also witnessed positive trade, up by 100 points each. While mid-caps and Small-Caps also closed on the positive note.

All the major Asian markets closed the day on a positive note. Hang Seng closed up by 91 points, whereas Nikkei index closed up by 28 points. KOSPI and Taiwan also closed in the positive territory.

Buzzer: Bharti Airtel was up by more than 5% on the bourses today and closed near the technical level of Rs 370. If the stock opens above this level, it may touch the Rs 385/399 mark in the next few sessions.

Nifty Future took vital support around 7700 level and also closed above the technical level of 7750, indicating good strength on the lower level for F&O expiry session.