Banks do party in Dalal Street, Guv acts as catalyst
DSIJ Intelligence / 19 Jan 2016
In today’s session, the Indian markets saw a massive recovery and eased some stress of the investors, with Capital Goods, Bankex, Healthcare and Auto leading the way. The Nifty ended higher by 84 points at 7435 ; and Sensex was up by 291 points at 24479. Both the indices ended higher by around 1.2 percent each.
In today’s session, the Indian markets saw a massive recovery and eased some stress of the investors, with Capital Goods, Bankex, Healthcare and Auto leading the way. The Nifty ended higher by 84 points at 7435 ; and Sensex was up by 291 points at 24479. Both the indices ended higher by around 1.2 percent each.
The market breadth remained positive till closing hour, with 1725 advances and 952 declines on the NSE.
Top 5 Nifty Gainers: Adani Ports was the top gainer for today’s session, closing higher by 6.1%. Among the other gainers were Axis Bank, Idea Cellular, Tata Power and Tata Motors.
Top 5 Nifty Losers: Power Grid ended lower by 1.5% today, followed by M&M, Tech Mahindra, Wipro and Maruti Suzuki.
Auto sector gained a total of 623 points for the day; Capital Goods was up by 409 points; FMCG was 344 points higher; and Bankex moved 251 points up. Mid-Caps and Small-Caps also saw positive trades, and both were higher by 65 points in the closing session.
In Asia, the Hang Seng was the top gainer and saw an appreciation of 398 points; and Nikkei ended higher by 98 points. KOSPI and Taiwan weighted index closed with a nominal positive bias.
Buzzers: IDBI. The scrip rose by 4.6% and closed above the technical level of Rs 55. If it holds this gain, it may reach a level of upto Rs 65 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 7400. Going ahead 7470 and 7510 will be the immediate hurdles.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.