Nifty Jumps To Cross 8350 Mark, Bankex Surges By 2.6%

The Indian markets were in the bulls grip in today’s session. Index continued with its up move and all the sectors closed on green zone in today’s session. The Nifty surged by128 points and closed at 8353 level and the sensex was up by 414 points and closed at 27730 level. Both the indices closed on positive note and were up by more than 1.5 per cent each.   

The advance-decline ratio was on positive side in the closing session. On the NSE, 1743 shares closed in green, while 962 shares ended the day in red.

Top 5 Nifty Gainers: Axis Bank closed the day as the top gainer on the NSE, up by 3.73%. It was followed by Yes Bank, ICICI Bank, PNB and Tata Power.

Top 5 Nifty Losers:  Bharti Airtel was the top loser on the NSE, down by 2.1%, followed by Lupin, Reliance, Wipro and ONGC.

All of the sectors saw good amount of buying on closing session. Bankex was the top gainer for the day, up by 536 points. It was followed by the Consumer Durables and Auto indices that were up by 250 points and 186 points respectively. Also Capital Goods, FMCG, IT and Healthcare gained by more than 100 points. Mid-Caps and Small-Caps ended on positive note. 

On the Asian market front, the Hang Seng ended the day up by320 points. Followed by the Nikkei that closed up by 253 points. The Taiwan and KOSPI too ended on a positive note.

Buzzers: Axis Bank from last few sessions is seeing heavy volatile trade and it’s recovered from the lower level of around Rs 550. On today session scrip broke its major hurdle which was at Rs 570. Going ahead if stock sustain above this level may see Rs 600 in further trading sessions.

The Nifty Future saw superb volume in northward direction. If it’s open above 8350 level may see more positive trade.