Sensex Closes Above 26500 Mark, Auto Surges
Suparna / 27 Aug 2014
The Indian markets witnessed a nominally positive trade on today’s session. Auto was the outperformer of the day followed by Bankex, IT and Oil & Gas with some uptrend movement. Mid-caps and small-caps also closed to recover from the lower ends. The Nifty index ended up by 31 points at 7936 and Sensex closed up by 117 points at 26560.
The Indian markets witnessed a nominally positive trade on today’s session. Auto was the outperformer of the day followed by Bankex, IT and Oil & Gas with some uptrend movement. Mid-caps and small-caps also closed to recover from the lower ends. The Nifty index ended up by 31 points at 7936 and Sensex closed up by 117 points at 26560.
The advance-decline ratio on NSE was on the positive side as the day ended with 1886 shares in green and 1710 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 3.08% in today’s trade, followed by HCL Tech, IndusInd Bank, ONGC and ICICI Bank.
Top Nifty Losers: DLF closed the day lower by 4.57%, followed by BHEL, Sesa Sterlite, IDFC and Kotak Mahindra.
Most of the sectoral indices closed on a positive note. Auto and Bankex were the outperformers of the day, up by 139 points and 94 points respectively. Oil & Gas, IT, mid-caps and small-caps also witnessed a positive momentum. However sectors like Metals and Health Care remained in the negative territory.
All the major Asian markets closed the day on a mixed note. Nikkei closed up by 13 points, whereas Taiwan index and KOSPI index closed up by 91 points and 6 points respectively. However Hang Seng closed in the negative territory.
Buzzer: HCL Tech was up by more than 2.5% on the bourses today and closed near the technical level of Rs 1650. If the stock opens above this level, it may touch the Rs 1670/1700 mark in the next few sessions.
Nifty Future closed around the technical level of 7950. If it opens above this level, we may see August expiry above 8000 mark.
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