Indices Hold Gains
DSIJ Intelligence / 16 Dec 2015
The Indian markets witnessed a good up-move today and managed to hold its gains until closing. The Sensex ended 173 points higher at 25494 while the Nifty moved up 50 points to touch 7750. Both the indices closed with a positive bias of 0.65 percent.
The Indian markets witnessed a good up-move today and managed to hold its gains until closing. The Sensex ended 173 points higher at 25494 while the Nifty moved up 50 points to touch 7750. Both the indices closed with a positive bias of 0.65 percent.
The advance-decline ratio ended in the positive. On the NSE, 1410 shares closed in green, while 1279 shares remained in the red.
Top 5 Nifty Gainers: Bharti Airtel witnessed the highest gains of 4.06%. ONGC, Cairn India, Power Grid Corp and Idea Cellular were among others that closed the day higher.
Top 5 Nifty Losers: M&M remained the biggest loser today, and closed 5.2% lower, followed by Asian Paints, ITC, Hindalco and PNB.
Most of the sectors ended in the green. Bankex gained 217 points. IT and Oil & Gas were up more than 100 points, while Capital Goods, Mid-Caps and Small-Caps also were higher up around 50 points each. However Consumer Durables, FMCG and Auto witnessed some selling on the higher side and thus ended up closing on a negative note.
The Asian markets closed on a positive note. Nikkei was the top gainer, up by 484 points while Hang Seng gained 426 points. Shanghai Composite and Taiwan Weighted also ended the day in green.
Buzzer: ONGC surged by 4% today to Rs 226 wherein the stock saw swing moves after the mid-session. In tomorrow’s opening, if the stock crosses the Rs 230 mark, it could see an up move to the Rs 237 level.
The Nifty index closed above the 7750 mark today, indicating a positive move ahead.
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