Markets fox investors, ups and downs rule the week ending on a positive note
DSIJ Intelligence / 22 Jan 2016
The Indian markets were in the bulls grip in today's session. Index continued to witness an up move; and also all the sectors recovered well, staying in the green zone till closing session. The Nifty surged to close 145 points up at 7422 level; and the Sensex was up by 473 points at 24435 level. Both the indices closed on a positive note, up around 2 percent each.
The Indian markets were in the bulls grip in today's session. Index continued to witness an up move; and also all the sectors recovered well, staying in the green zone till closing session. The Nifty surged to close 145 points up at 7422 level; and the Sensex was up by 473 points at 24435 level. Both the indices closed on a positive note, up around 2 percent each. However looking at the current market scenario trades and investors are advised to stay cautious at the higher levels.
The advance-decline ratio was on the positive side in the closing session. On the NSE, 2054 shares closed in the green, while 603 shares ended the day in the red.
Top 5 Nifty Gainers: GAIL closed the day as the top gainer on the NSE, up by 7.7%. It is followed by Hindalco, Maruti Suzuki, M&M and Tata Steel, which were the others that closed the day on a positive note.
Top 5 Nifty Losers: Idea Cellular was the top loser, down by 6.2%, followed by Bharti Airtel, Bosch, HUL and Grasim.
All of the sectors saw good amount of buying in the closing session. Auto was the top gainer for the day, up by 594 points. It is followed by the Bankex and Healthcare indices, which were up by 481 points and 371 points respectively. Also Metals, Oil & Gas, Mid-Caps and Small-Caps saw up moves around 200 points each. FMCG and IT ended on a positive note.
On the Asian front, The Nikkei ended the day up by 941 points. Followed by the Hang Seng, which closed at a level up by 538 points. The Taiwan and KOSPI too ended on a positive note.
Buzzers: Hindalco from last few sessions stock saw heavy volatile trade and has recovered from the lower level of around Rs 65. In today's session scrip broke its major hurdle which was at Rs 70. Going ahead if stock sustains above this level, it may see Rs 77-82 in further trading session.
The Nifty Future traded as per our expectation and closed above 7400 level, which is also a positive indicator for further trade.
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