Bulls In The Lead, Metals Rallies 2.1%

The Indian markets climbed more than 1 percent, with Banks, Metals, IT and Auto being the key gainers of the day. The Asian markets like Hang Seng and Shanghai Composite also provided some support. The Nifty ended 91 points up at 7604; and the Sensex ended 275 points up at 26952.  

The advance-decline ratio ended in the positive today. On the NSE, 1306 shares closed in green, while 1280 shares ended the day in red.

Top 5 Nifty Gainers: Vendata closed with highest top gains, up by 7.01%. Hindalco, ACC, TCS and GAIL were the others trading higher. 

Top 5 Nifty Losers: Lupin was down by 7.16% today, followed by Sun Pharma, BPCL, Power Grid and Maruti Suzuki.

12 of the 13 sectors ended in the green. Bankex was up by 259 points, IT and Auto also gained around 240 points each. Metals were 156 points higher. The Capital Goods and Consumer Durables sector also provided good support, up by 90 points each. Mid-Caps and Small-Caps were both up by 62 points. However, Healthcare closed in red territory, down by 125 points. 

The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 167 points and Shanghai Composite ended 50 points higher. KOSPI and Taiwan Weighted were also in the green zone. While Nikkei market was down by 211 points.  

Buzzers: Vedanta. The stock has given fresh breakout to close above 92, up by 7 percent. If it continues with the current momentum, it may touch the mark of 100 soon.    

Nifty Futures have broken their bullish crossover at 6700 and have also managed to close above this level. A positive opening is likely in tomorrow’s trading session.