Sensex, Nifty At All-Time High

After a record high, the Indian markets witnessed some sluggish mood towards end of the day. Bankex and Auto continued to trade on a positive mark, up more than 200 points. However Metals, Health Care and Oil & Gas closed in the red territory. The Nifty ended on a positive note, up by 20 points at 8383 and Sensex was up by 98 points at 28008 in the closing bell.

The advance-decline ratio on NSE was on the mixed side, as the day ended with 1837 shares in green and 1841 shares in the red zone.

Top Nifty Gainers: Axis Bank gained 3.10% in today’s trade, followed by DLF, Bajaj Auto, Tata Motors and Ambuja Cement.

Top Nifty Losers: Power Grid Corp closed the day lower by 3.18%, followed by Cipla, Tata Power, Tata Steel and NTPC.

Most of the sectoral indices were positive in today’s session. Bankex and Auto continued to make new highs and were up by more than 200 points each. FMCG and Consumer Durables stocks showed up-move by 74 points and 53 points respectively. Mid-caps and small-caps closed on the positive note. However Metals, Health Care and Oil & Gas witnessed profit booking. 

Most of the Asian markets also had a positive session on the bourses today. The Hang Seng market saw up move by 129 points, while Nikkei also closed on a positive note, up by 72 points. However the Taiwan Index closed in the negative territory, down by 115 points.       

Buzzer: Axis Bank was up by more than 3.1% on the bourses today and closed up at the technical level around Rs 480. If the stock opens above this level, it may touch Rs 500/525 mark in the next few sessions.

Nifty future closed above 8400 level. It is showing good strength around 8380/8360 levels.