Nifty Ends On Record High, Bankex Up By 1.7%
Suparna / 31 Oct 2014
The Indian markets witnessed massive buying in the last week of October month. In today’s trading session, the market was pulled by Capital Goods as well as Bankex sectors. IT, Health Care, Metals and Auto also saw good up-moves of more than 200 points. As a result, the Nifty closed on record high in today’s session, up by 153 points at 8322 and Sensex was up by 519 points at 27865 in the closing bell.
The Indian markets witnessed massive buying in the last week of October month. In today’s trading session, the market was pulled by Capital Goods as well as Bankex sectors. IT, Health Care, Metals and Auto also saw good up-moves of more than 200 points. As a result, the Nifty closed on record high in today’s session, up by 153 points at 8322 and Sensex was up by 519 points at 27865 in the closing bell.
The advance-decline ratio on NSE was on the positive side, as the day ended with 2093 shares in green and 1559 shares in the red zone.
Top Nifty Gainers: IDFC gained 5.43% in today’s trade, followed by HDFC, L&T, GAIL and Tata Power.
Top Nifty Losers: Bharti Airtel closed the day lower by 2.11%, followed by Zee Entertainment only.
Most of the sectoral indices were positive in today’s session. Capital Goods was the outperformer in today’s trade, up by 413 points. Bankex and Auto stocks were up around 338 points and 264 points respectively. Health Care, Metals, IT and Oil & Gas also closed up more than 200 points each. However Consumer Durables closed in downward territory, down by 323 points.
All the Asian markets also had a positive session on the bourses today. The Nikkei market saw up move by 755 points, while Straits Times also closed on a positive note. The Hang Seng Index also closed in the positive territory, up by 296 points. Taiwan and Shanghai Composite also closed in the positive territory.
Buzzer: IDFC was up by more than 5% on the bourses today and closed up at the technical level around Rs 150. If the stock opens above this level, it may touch Rs 159/170 mark in the next few sessions.
Nifty broke all the technical hurdles and closed above 8300 mark. Going ahead 8250 and 8230 levels will be the vital supports.
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