Sensex & Nifty Hold Gains, IT Surges
Suparna / 03 Sep 2014
The market continued to witness its bull-run scenario in today’s session. Today IT stocks were seen rallying to provide support to the index, followed by Bankex and Oil & Gas. Mid-caps and small-caps also closed on highs. The Nifty index saw up moves by 31 points at 8114 and Sensex closed positive by 120 points at 27139 at the end of today’s trade.
The market continued to witness its bull-run scenario in today’s session. Today IT stocks were seen rallying to provide support to the index, followed by Bankex and Oil & Gas. Mid-caps and small-caps also closed on highs. The Nifty index saw up moves by 31 points at 8114 and Sensex closed positive by 120 points at 27139 at the end of today’s trade.
The advance-decline ratio on NSE was positive, as the day ended with 1758 shares in green and 1863 shares in the red zone.
Top Nifty Gainers: Coal India gained 3.49% in today’s trade, followed by Infosys, Bharti Airtel, Wipro and TCS.
Top Nifty Losers: GAIL closed the day lower by 2.06%, followed by ONGC, ITC, Bajaj Auto and BHEL.
The sectoral indices closed on a positive note. IT and Metal stocks witnessed massive rally in today’s trading session, up by 253 points and 144 points respectively, followed by Auto. Mid-caps and small-caps also closed more than 50 points positive. Bankex and FMCG closed in negative territory.
All the Asian markets closed on positive note today’s session. The Nikkei market closed on a positive mark, up by 59 points. However Hang Seng closed positive by 568 points. while Taiwan and Shanghai closed in the positive territory.
Buzzer: Coal India was up by more than 3.4% on the bourses today and closed above the technical level of Rs 375. If the stock opens above this level, it may touch the Rs 385/400 mark in the next few sessions.
Nifty future broke all the major hurdles in current scenario as it closed around 8150 level. Going ahead, this positive scenario may remain the same.
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