Sensex bounces by 777, ITC surges 10 percent
DSIJ Intelligence / 01 Mar 2016
The Indian markets witnessed handsome up-moves on the assumption of rate cut from RBI. All the sectorial indices saw massive buying to cross their immediate hurdles. The Sensex ended 777 points higher at 23779 and Nifty was up 235 points at 7222. Both the indices closed with a positive bias of 3.3 percent.
The Indian markets witnessed handsome up-moves on the assumption of rate cut from RBI. All the sectorial indices saw massive buying to cross their immediate hurdles. The Sensex ended 777 points higher at 23779 and Nifty was up 235 points at 7222. Both the indices closed with a positive bias of 3.3 percent.
The advance-decline ratio ended positive in the closing session. On the NSE, 2012 shares closed in green, while 584 shares ended the day in red.
Top 5 Nifty Gainers: ITC saw the highest gains of 10.05%. Maruti Suzuki, ICICI Bank, Hero Motocorp and Vedanta were the others trading higher.
Top 5 Nifty Losers: ONGC closed down by 1.3%, followed by HUL and Dr Reddys Labs.
13 of the 13 sectors ended in the green. The Auto index was the top gainer, up by 664 points. Bankex and Capital Goods also ended in the green, up by 559 points and 393 points respectively. Mid-Caps and Small-Caps were both up around by 300 points.
The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 295 points. The Taiwan was higher by 74 points, and Shanghai also ended on a positive note.
Buzzer: ITC up by 10 %, the stock saw a upward move to made intraday high at Rs 327.
The Nifty index closed above the 7200 level, indicating a positive move ahead.
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