Indices Gain Triple Digit, Sensex Near 27500 Mark

The Indian stock markets witnessed handsome recovery in today’s trade. All the sectoral indices closed in positive note. The Oil & Gas, Healthcare and Auto stocks were outperformers of the day, and indices were up around 300 points. Bankex, Consumer Durables and Small-Caps index too showed good up moves of around 200 points each. The Nifty was up by 150 points and closed at 8331 level, while Sensex was up by 479 points and closed at 27490 level in today’s trade.

The advance-decline ratio on NSE was on a positive side, as the day ended with 1954 shares in green and 837 shares in the red zone.

Top Nifty Gainers: ONGC closed the day higher by 8.01 per cent, followed Bajaj Auto, Cipla, M&M and HCL Tech.

Top Nifty Losers: Tech Mahindra closed the day lower by 1.55 per cent, followed by ICICI Bank, Tata Motors, L&T and IDFC.

All the sectoral indices were positive in today’s session. Helathcare, Oil & Gas and Auto emerged as a strong outperformers and were up by around 300 points. While Bankex, Consumer Durables and Small-Caps stocks also were positive and were up by around 200 points each in today’s trade. Metals, Mid-Caps and FMCG index too showed handsome recovery, and were up by around 150 points each.

Most the Asian markets ended with positive closing in today’s trade. Shanghai Composite saw upward movement of 39 points. While Taiwan market closed up by 24 points. However Hang Seng and Straits Time market closed on nominally negative mark. While the Nikkei market was closed for today’s day.

Buzzer: ONGC was up by more than 8 per cent on the bourses today and closed at the technical level of around Rs 330. If the stock opens above this level, it may touch Rs 344/350 mark in the next few sessions.

The Nifty futures took a vital support around 8250 mark, and closed above the technical level of 8350. Going ahead, if it surges above 8400 level, it may see more up moves.