Bulls take the lead, Sensex Crosses 23500
DSIJ Intelligence / 15 Feb 2016
The Indian markets opened on a positive note and saw a massive rally till closing bell. Capital goods, auto and bankex were leading throughout the day, majorly PSUs and some metal stocks like Tata Steel and Jindal Steel were outperformers of the day.
The Indian markets opened on a positive note and saw a massive rally till closing bell. Capital goods, auto and bankex were leading throughout the day, majorly PSUs and some metal stocks like Tata Steel and Jindal Steel were outperformers of the day. The Nifty ended higher by 182 points at 7162 and Sensex was up by 568 points at 23554. Both the indices ended higher by around 2.5 percent.
The market breadth remained positive till closing hour, with 1993 advances and 672 declines on the NSE.
Top 5 Nifty Gainers: Bank Of Baroda was the top gainer for today’s session, closing higher by 22.5%. Among the other gainers were Vedanta, Tata Steel, Hindalco and L&T.
Top 5 Nifty Losers: Bharti Airtel ended lower by 1.7% today, followed by HUL, Idea and HDFC.
Capital Goods gained a total of 756 points for the day, Auto was up by 677 points, Bankex was 573 points higher and Metal moved 556 points up. Mid-Caps and Small-Caps also saw positive trades, both higher more than 300 points in the closing session.
In Asia, the Nikkei was the top gainer and saw an appreciation of 1069 points and Hang Seng ended higher by 598 points. KOSPI and Taiwan Weighted closed with a nominal positive bias.
Buzzers: Tata Steel rose by 13.4% and closed above the technical level of Rs 245. If it holds these gains, it may reach a level of upto Rs 260 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 7150, indicating more strength ahead.
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