Bulls In The Forefront, Sensex Reclaims 28000.

The Indian markets climbed by around 1%, with Banks, Auto and Capital Goods being the key gainers. The Nifty ended  84 points up at 8453 and the Sensex ended on 240 points up at 28020.

The advance-decline ratio ended positive today. On the NSE, 1889 shares closed in green, while 883 shares ended the day in red.

Top 5 Nifty Gainers: Bank Of Baroda closed with highest top gains, up by 4.2%. BHEL, Ambuja Cement, Axis Bank and Cipla were the others trading higher.

Top 5 Nifty Losers: Zee Entertain was down by 1.1% today, followed by Bajaj Auto, Lupin, GAIL and ITC.

11 of the 13 sectoral indices ended in the green. Capital Goods were up by 369 points. Bankex and Auto gained around 150 points each. Oil & Gas Mid-caps and Small-Caps also showed good positive moves. However the IT index  witnessed some profit booking, and was down by 104 points.

The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 283 points and Nikkei ended 93 points higher. Straits Times and Taiwan Weighted were also in the green zone.

Buzzers: Ambuja cements stock showed superb upmove and closed above the technical level of 235. If its continues with the current scenario the stock may touch 250 level soon.

Nifty Futures has broken its bullish crossover at 8400 and has also managed to close above 8450 level. A positive opening is likely in tomorrow’s trading session.