Sensex Above 28550 Mark, ITC Up By 3%

The Indian equity market continue with their upward journey. Today the stock of ITC surges more than 5%, while Banking Stocks like YES Bank, Bank Of India, Canara Bank and Indusind Bank also surged well. In today’s trading session, the Nifty ends up by 26 points at 8564 and Sensex was 120 point up at 28562.

The advance-decline ratio on NSE was on the mixed side as the day ended with 1496 shares in green and 1457 shares in the red zone.

Top Nifty Gainers: ITC gained 5.48% in today’s trade, followed by Sesa Sterlite, BPCL, Cipla and NMDC.

Top Nifty Losers: Bharti Airtel closed the day lower by 2.25%, followed by Hidalco, HCL Tech, M&M and Tata Power.

Most of the sectoral indices closed on a positive note. FMCG witnessed massive up move of more than 200 points. Followed by Bankex and Capital Goods that closed in positive territory and were up by 161 points and 65 points respectively. Mid-Caps and Small-Caps were providing good support to the indices and were up by 35 points and 25 points respectively. However Consumer Durables and IT stock saw some profit booking trade down around 50 points each.

All the major Asian markets closed the day on a positive note. The Hang Seng index witnessed positive closing by 403 points, followed by Nikkei closed in positive territory up by 166 points. While Taiwan and Shanghai Composite Index closed in positive territory.    

Buzzer: ITC was up by more than 5% on the bourses today and closed near the technical level of Rs 380. If the stock opens above this level, it may touch the Rs 400/450 mark in the next few sessions.

Nifty Future closed above 8600 mark indicating bullish trend.