Indices please the bulls: Healthcare surges

The Indian markets saw good buying till the end of the day, and all the sectoral indices closed on a positive note. Indices like Healthcare, IT and Bankex were the outperformers of the day. The Nifty moved up by 83 points to close at 7191; and Sensex was up by 267 points at 23649. Both the indices ended higher more than 1 percent each. 

The advance-decline ratio ended in the negative for the day. On the NSE, 1417 shares closed in green, while 1114 shares were in the red.

Top 5 Nifty Gainers: Dr Reddys Lab closed the day up by 4.8% as the top gainer. Hindalco, ONGC, Cairn India and Hero Motocorp were among the others that ended higher. 

Top 5 Nifty Losers: Maruti Suzuki ended as the top loser, down by 2.5%, followed by Asian Paints, BHEL, Reliance and Axis Bank.

All sectors ended on a positive note. Healthcare led the day and has surged by 271 points, followed by IT and Bankex, which were up by 202 points and 177 points respectively. Oil & Gas , FMCH, Capital Goods and Consumer Durables were up more than 100 points each. While Mid-Caps and Small-Caps also gained more than 50 points each. 

The Asian markets closed on a positive note. Nikkei was the top gainer, up by 360 points. The Hang Seng ended higher by 438 points, and China’s Shanghai Composite, Straits Times and Taiwan Weighted were also in the positive. 

Buzzers: The stock of Hindalco has shown  good recovery as it crossed the technical level of 68 and also touched a high of Rs 70.10. If it sustains above 70 mark, it may see more up moves.   

The Nifty managed to close above the 7150 mark. We hope that it may see more strength from this level.