Bulls On The Upper Hand, Sensex Above 29000 Mark
Suparna / 22 Jan 2015
From last six consecutive trading sessions, the Indian market is showing scintillating up-move to make new highs. Today Healthcare and Capital Goods index broke their major hurdle, up by 255 points and 186 points respectively. Auto and Bankex surged by 140 points and 83 points respectively. Nifty continued with the bullish trend, and ended up by 31 points at 8761 and Sensex was up by 117 points at 29006 in the closing bell.
From last six consecutive trading sessions, the Indian market is showing scintillating up-move to make new highs. Today Healthcare and Capital Goods index broke their major hurdle, up by 255 points and 186 points respectively. Auto and Bankex surged by 140 points and 83 points respectively. Nifty continued with the bullish trend, and ended up by 31 points at 8761 and Sensex was up by 117 points at 29006 in the closing bell.
The advance-decline ratio on NSE was on the negative side, as the day ended with 1348 shares in green and 1579 shares in the red zone.
Top Nifty Gainers: Sun Pharma closed the day higher by 3.85%, followed by DLF, Axis Bank, IDFC and Tata Motors.
Top Nifty Losers: Reliance closed the day lower by 2.54%, followed by NTPC, PNB, Tech Mahindra and HCL Tech.
Most of the sectoral indices were positive in today’s session. Healthcare and Capital Goods stocks witnessed southward move, up by 255 points and 186 points respectively. Auto and Banking stocks also closed in the positive territory, up by 140 points and 83 points respectively. Metals, IT, Mid-Caps and Small Caps stocks also closed in the positive territory. However Consumer Durables and Oil & Gas stocks witnessed some profit booking trade and closed in red mark, down by 99 points and 76 points respectively.
The Asian markets also outperformed in today’s trade. The Hang Seng market saw up move by 170 points. Shanghai and Taiwan index closed up by 20 points and 49 points respectively. The Nikkei market closed in green, up by 48 points.
Buzzer: Sun Pharma was up by more than 3.85% on the bourses today and closed up at the technical level around Rs 920. If the stock opens above this level, it may touch Rs 940/950 mark in the next few sessions.
Nifty future continued with bullish sentiment and ended above 8750 mark. If it opens above this level, it may see 8820/8860 levels.
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