Nifty On Top, IT Outperforms
Suparna / 30 Oct 2014
The Indian markets witnessed superb rally in end of the F&O October series. All the sectoral indices closed in the positive territory. IT sector outperformed in today’s session and was up by 200 points. Oil & Gas and Consumer Durables were up more than 150 points. As a result the Nifty closed up by 78 points at 8169 and Sensex was up by 248 points at 27346 in the closing bell.
The Indian markets witnessed superb rally in end of the F&O October series. All the sectoral indices closed in the positive territory. IT sector outperformed in today’s session and was up by 200 points. Oil & Gas and Consumer Durables were up more than 150 points. As a result the Nifty closed up by 78 points at 8169 and Sensex was up by 248 points at 27346 in the closing bell.
The advance-decline ratio on NSE was positive, as the day ended with 1931 shares in green and 1724 shares in the red zone.
Top Nifty Gainers: DLF gained 5.08% in today’s trade, followed by HCL Tech, Tech Mahindra, Reliance and IndusInd Bank.
Top Nifty Losers: Cairn India closed the day lower by 1.29%, followed by Ambuja Cement, Cipla, Sesa Sterlite and M&M.
All of the sectoral indices were positive in today’s session. IT was the outperformer in today’s trade, up by 210 points. Oil & Gas, Consumer Durables and Capital Goods stocks were up around 150 points each. Bankex, Mid-Caps and Small-Caps also closed in the positive territory.
The Asian markets also had a mixed session on the bourses today. The Nikkei market saw up move by 104 points, while Straits Times also closed on a positive note. However the Hang Seng Index closed in the negative territory, down by 117 points. Taiwan and KOSPI also closed in the negative territory.
Buzzer: DLF was up by more than 5% on the bourses today and closed up at the technical level around Rs 125. If the stock opens above this level, it may touch Rs 135/150 mark in the next few sessions.
Nifty future gave a bullish crossover as it closed above 8150 mark. Going ahead index may see trade above 8220 mark.
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