Relief rally for investors: Indices up by 1%
DSIJ Intelligence / 05 Feb 2016
The Indian markets saw an unexpected rally today, with Healthcare, Bankex, Auto and Metals leading the day. The Nifty ended higher by 85 points at 7489 and Sensex was up by 278 points at 24616. Both the indices ended higher by around 1.15 percent.
The Indian markets saw an unexpected rally today, with Healthcare, Bankex, Auto and Metals leading the day. The Nifty ended higher by 85 points at 7489 and Sensex was up by 278 points at 24616. Both the indices ended higher by around 1.15 percent.
The market breadth remained positive till closing hour, with 1576 advances and 1048 declines on the NSE.
Top 5 Nifty Gainers: Lupin was the top gainer for today’s session, closing higher by 9.08%. Among the other gainers were Vedanta, Axis Bank, PNB and Hindalco.
Top 5 Nifty Losers: Bosch ended lower by 5.2% today, followed by GAIL, Adani Ports, Maruti Suzuki and Power Grid Corp.
All the sectoral indices closed in the green territory. Healthcare gained a total of 522 points for the day, Bankex was up by 355 points, Auto and Metals were up around 250 points. Mid-Caps and Small-Caps also saw positive trades, both higher by 192 points and 126 points respectively.
In Asia, the Hang Seng was the top gainer and saw an appreciation of 105 points while Nikkei ended lower by 225 points. KOSPI and Taiwan Weighted closed with mixed sentiments.
Buzzers: Lupin surged as Q3 profit meets the estimates, due to domestic sale being on the rise. The scrip rose by 9.08% and closed above the technical level of Rs 1800. If it holds these gains, it may reach a level of upto Rs 1830/1850 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 7500, indicating more strength ahead.
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