Indices hold gains; awaiting RBI policy
DSIJ Intelligence / 04 Apr 2016
The Indian markets witnessed a good up-move in the day and managed to hold their gains until closing. IT and Auto out-performers and both indices were up more than 200 points. The Sensex ended 130 points higher at 25399 and Nifty moved up 45 points to 7758. Both the indices closed with a positive bias of 0.50 percent.
The Indian markets witnessed a good up-move in the day and managed to hold their gains until closing. IT and Auto out-performers and both indices were up more than 200 points. Apart from FMCG segment, all the sectoral indices closed in positive territory. The Sensex ended 130 points higher at 25399 and Nifty moved up 45 points to 7758. Both the indices closed with a positive bias of 0.50 percent.
The advance-decline ratio ended in the positive. On the NSE, 1641 shares closed in green; while 962 shares remained in the red.
Top 5 Nifty Gainers: Idea Cellular saw the highest gains of 5.9%. Tata Power, M&M, Bharti Airtel and Aurobindo Pharma were among the others that closed the day higher.
Top 5 Nifty Losers: Ambuja Cement remained the strongest loser today, closing down by 1.7%, followed by ITC, Axis Bank, Maruti Suzuki and Ultratech.
Apart from FMCG all the sectoral indices ended in the green. The IT index gained 220 points; Auto was up 208 points; Consumer Durabales was 65 points higher and Metals was up 22 points. Mid-Caps and Small-Caps also gained 25 points and 55 points respectively.
The Asian markets closed on a positive note. Nikkei lost 40 points. Shanghai Composite and KOSPI ended with the nominal gain.
Buzzer: Idea Cellular surged by 5.9% today to Rs 110. If the stock crosses Rs 115, it may see more up moves.
The Nifty index closed around 7800 mark today, this level will be the pivot level for tomorrows trade.
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