Bulls intimidate the bears, bring back the spirit of the investors
DSIJ Intelligence / 22 Feb 2016
The Indian markets had shown good strength on first day of February F&O expiry week. There is not a single cue in market session that bears can take advantage of that. The healthcare stocks were out-performers of the day and index was up by 170 points. The Nifty ended on 23 points up at 7234 and the Sensex ended on 79 points up at 23788.
The Indian markets had shown good strength on first day of February F&O expiry week. There is not a single cue in market session that bears can take advantage of that. The healthcare stocks were out-performers of the day and index was up by 170 points. Followed by Mid-Caps, Small-Caps rallied from respective hurdles. The Nifty ended on 23 points up at 7234 and the Sensex ended on 79 points up at 23788. The global scenario also looked up today.
The advance-decline ratio ended positive today. On the NSE, 1395 shares closed in green, while 1156 shares ended the day in red.
Top 5 Nifty Gainers: HUL closed with highest top gains, up by 4.11%. Bosch, Ultra Tech, Zee Entertain and Sun Pharma were the others trading higher.
Top 5 Nifty Losers: NTPC was down by 2.1% today, followed by Tech Mahindra, Adani Port, Maruti Suzuki and ITC.
12 of the 13 sectors ended in the green. Healthcare stocks were up by 170 points. Auto, Bankex, Mid-Caps and Small-Caps gained around 75 points each. FMCG, Consumer Durabales and Capital Goods were 35 points higher. However IT index closed on negative note.
The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 178 points and Nikkei ended 143 points higher. Shanghai Composite and Taiwan Weighted were also in the green zone.
Buzzers: HUL the stock turned volatile after broke the technical level of Rs 850. If its sustain above this level may see Rs 870/880 levels ahead.
Nifty Futures have broken their bullish crossover at 7230 and also managed to close above this level. A positive opening is likely in Tuesday’s trading session.
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