Nifty struggles to break 7250 mark

DSIJ Intelligence / 19 Feb 2016

Nifty struggles to break 7250 mark

The NSE 50 and The BSE 30 shares witnessed some amount of strength during the last hour. Auto, Banking and IT have done well in Friday’s trading session. The Nifty ended up by 19 points at 7210. The Sensex closed at 23709, up by 59 points. The indices ended in green around 0.25 percent each. 

The NSE 50 and The BSE 30 shares witnessed some amount of strength during the last hour. Auto, Banking and IT have done well in Friday’s trading session. The Nifty ended up by 19 points at 7210. The Sensex closed at 23709, up by 59 points. The indices ended in green around 0.25 percent each. 

The advance-decline ratio ended on a positive note. On the NSE, 1304 shares closed in green, while 1197 shares ended the day in red. 

Top Nifty Gainers: PNB closed the day as the top gainer on the NSE as it closed higher by 5.1%, followed by Hero Motocorp, SBI, Bosch and Tech Mahindra. 

Top Nifty Losers: BPCL closed the day as the top loser on the NSE as it closed lower by 3.03% followed by Maruti Suzuki, BHEL, Coal India and Vedanta. 

On the sectoral front, 9 out of the 13 sectors ended in the green. Auto was the top gainer as it ended higher by 143 points, followed by Bankex and IT which ended the day higher by 53 points and 42 points respectively. Mid-Caps and Small-Caps were directionless for the day. 

The Asian markets closed on a mixed note. The Nikkei was the top loser as it ended the day down by 229 points. The Hang Seng ended lower by 77 points. The Taiwan and KOSPI too ended on a positive note.

Buzzers: Hero Motocorp the stock  surged by 3.3% and touched a high of Rs 2710.If it sustains above Rs 2700 level, it may see higher tops. 

Even though Nifty Futures has  crossed first hurdle at 7200 level,  going ahead, 7250 will be the major hurdle for bullish sentiment. 

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