Indices Bounce Back, Sensex Above 25000 mark
DSIJ Intelligence / 11 Apr 2016
The Indian markets witnessed a good up-move after mid-session on Monday. The good monsoon cues are bringing in healthy buying, specifically in Banking, Auto, Capital Goods and IT sectors. The Sensex and Nifty touched their technical levels of 25000 and 7670 respectively and closed in the green. The Sensex ended 348 points higher at 25022; and Nifty was up 116 points at 7671.
The Indian markets witnessed a good up-move after mid-session on Monday. The good monsoon cues are bringing in healthy buying, specifically in Banking, Auto, Capital Goods and IT sectors. The Sensex and Nifty touched their technical levels of 25000 and 7670 respectively and closed in the green. The Sensex ended 348 points higher at 25022; and Nifty was up 116 points at 7671. Both the indices closed with a positive bias around 1.5 percent.
The advance-decline ratio ended positively in the closing session. On the NSE, 1491 shares closed in green, while 1091 shares ended the day in the red.
Top 5 Nifty Gainers: Idea Cellular saw the highest gains of 5.6%. Bosch, Hindalco, Adani Ports and Bank Of Baroda were the others trading higher.
Top 5 Nifty Losers: Lupin closed down by 1.3%, followed by Ambuja Cement, Cipla, Dr Reddy's Labs and Ultratech Cement.
All the 13 sectors ended in the green. The Auto index was the top gainer, up by 348 points. Bankex also dragged the index, up by 294 points. Capital Goods and Consumer Durables were up by around 200 points each. Mid-Caps and Small-Caps were both up more than 100 points higher.
The Asian markets closed on a mixed note. The Nikkei market was the top loser, down by 70 points. The Hang Seng was higher by 70 points, and Shanghai and Taiwan also ended on a positive note.
Buzzer: Bharti Airtel. The stock saw a swing move after the announcement and closed higher by 4.2% at Rs 348. If it sustains above Rs 350 mark, it may see more up moves.
The Nifty index has given a bullish crossover after breaking the technical level of 7650, indicating a positive move ahead.
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