Bulls Charge, Sensex Reclaims 28500 Mark
DSIJ Intelligence / 22 Jul 2015
The Indian markets saw an unexpected rally from the lower level in today’s trading session. The indices like Banking, Oil & Gas and Healthcare leading the day. The Nifty ended higher by 104 points at 8633 and Sensex was up by 322 points at 28504. Both the indices ended higher by around 1.20 percent.
The Indian markets saw an unexpected rally from the lower level in today’s trading session. The indices like Banking, Oil & Gas and Healthcare leading the day. The Nifty ended higher by 104 points at 8633 and Sensex was up by 322 points at 28504. Both the indices ended higher by around 1.20 percent.
The market breadth remained positive till closing hour, with 1761 advances and 1066 declines on the NSE.
Top 5 Nifty Gainers: Zee Entertainment was the top gainer for today’s session, closing higher by 5.1%. Among the other gainers were Reliance, Sun Pharma, M&M and Asian Paints.
Top 5 Nifty Losers: Lupin ended lower by 3.2% today, followed by Idea, Bharti Airtel, TCS and Infosys.
Bank index gained a total of 311 points for the day. Oil & Gas and Auto also were up around 200 points. Healthcare, Mid-Caps and Small-Caps were higher by 100 and FMCG moved 55 points up. However, the IT index remain in the stress down by 45 points.
In Asia, the Hang Seng was the top loser and saw deep dives of 253 points and Nikkei ended lower by 253 points. KOSPI and Taiwan Weighted closed with a nominal negative bias.
Buzzers: Zee Entertain surged by 5.1% and closed above the technical level of Rs 400. If it holds these gains, it may reach a level of upto Rs 420 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 8600, indicating more strength ahead.
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