Indices Steady, Nifty Touches 9000 Mark

The Indian stock markets are moving towards a fresh life time high at 9008 level. In today’s session, Healthcare and Oil & Gas index were in the focus, surges by more than 200 points each. Mid-caps and Small-Caps also closed in green territory, up by 100 points each. The Nifty closed at a record high, up by 39 points and closed at 8996 level, while Sensex was up by 134 points and closed at 29593 level.

The advance-decline ratio on NSE was a positive side, as the day ended with 1674 shares in green and 1181 shares in the red zone.

Top Nifty Gainers: Reliance closed the day higher by 4.23 per cent, followed by TCS, Bank Of Baroda, Jindal Steel and PNB.

Top Nifty Losers: Coal India closed the day lower by 3.83 per cent, followed by M&M, Axis Bank, DLF and Tata Motors.

Most of the sectoral indices were positive in today’s session. Oil & Gas and Healthcare stocks rallied, and were up more than 200 points each. While Mid-Caps and Small-Caps stocks were positive, up by 100 points each. Mid-Caps and Small-Caps index also shown a good recovery, up more than 150 points each. Capital Goods, IT and Consumer Durables index made some gradual up move. However Auto, Bankex and Metals closed in red territory.

Most of the Asian markets ended with mixed scenario. The Hang Seng market saw downward momentum by 184 points. Nikkei market was down by 11 points. However, Straits Times and Taiwan index closed in the green territory.  

Buzzer: Reliance was up by more than 4.23 per cent on the bourses today and closed up at the technical level of around Rs 900. If the stock opens above this level, it may touch Rs 920/940 mark in the next few sessions.

As per our expectation, the Nifty Futures continues with the positive momentum and managed to close above the technical level of 9050. The level of 8955/8920 will be the immediate support levels.