Indices Bounces Back
DSIJ Intelligence / 16 Jun 2015
The Indian markets witnessed a good up-moves after mid-session and Sensex ended higher by 99 points at 26686 and Nifty was up 33 points at 8047.
The Indian markets witnessed a good up-move after mid-session. The same scenario was seen in the Banking and Auto index, which closed the day higher by around 190 points each. The Sensex and Nifty hold their technical levels of 26500 and 8000 respectively and closed in the green. The Sensex ended 99 points higher at 26686 and Nifty was up 33 points at 8047.
The advance-decline ratio ended on a negative note in today’s trading session. On NSE, 1280 shares closed in green, while 1352 shares ended the day in red.
Top 5 Nifty Gainers: IndusInd Bank saw the highest gains of 3.4%. Tata Power, Bajaj Auto, NMDC and Power grid were the other gainers.
Top 5 Nifty Losers: Idea Cellular closed down by 4.04%, followed by Cairn India, Vedanta, BPCL and HDFC.
11 of the 13 sectors ended in the green. The Auto index was the top gainer, up by 193 points. Followed by Bankex and Consumer Durables that too ended in the green, up by 174 points and 116 points respectively. Metals, Oil & Gas, IT, Healthcare, Mid-Caps and Small-Caps also were managed to closed in positive territory.
The Asian markets closed the day on a negative note. The Hang Seng market was the top loser, down by 295 points. The Nikkei was lower by 129 points, and Shanghai and Taiwan also ended on a negative note.
Buzzer: IndusInd Bank saw a swing move after mid-session and closed higher by 3.4% at Rs 821. If the stock maintain its current momentum it may see 850 mark in next few sessions.
The Nifty index closed above the 8050 level, indicating a positive move ahead.
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