Bulls party on D-Street: Indices up by 1.8%
DSIJ Intelligence / 13 Apr 2016

The Indian markets saw a massive rally, nearly around 2 per cent, on positive global cues. All the sectoral indices closed in the green and Auto and Bankex were leading the day. The Nifty ended higher by 141 points at 7850; and Sensex was up by 481 points at 25626. Both the indices ended higher by around 1.8 per cent each.
The Indian markets saw a massive rally, nearly around 2 per cent, on positive global cues. All the sectoral indices closed in the green and Auto and Bankex were leading the day. The Nifty ended higher by 141 points at 7850; and Sensex was up by 481 points at 25626. Both the indices ended higher by around 1.8 per cent each.
The market breadth remained positive till closing hour, with 1584 advances and 1090 declines on the NSE.
Top 5 Nifty Gainers: M&M was the top gainer for today’s session, closing higher by 7.4%. Among the other gainers were ICICI Bank, BHEL, Bajaj Auto and Hindalco.
Top Nifty Losers: Zee Entertain ended lower by 0.9% today, followed by Infy, HCL tech and Adani Ports only.
Auto gained a total of 650 points for the day; Bankex was up by 462 points; Metals was 160 points higher; and Capital Goods moved 128 points up. Mid-Caps and Small-Caps also saw positive trades, both higher by more than 100 points in the closing session.
In Asia, the Hang Seng was the top gainer and saw an appreciation of 654 points and Nikkei ended higher by 452 points. KOSPI and Taiwan Weighted closed with a nominal positive bias.
Buzzers: ICICI Bank. The scrip rose by 5.2% and closed above the technical level of Rs 240. If it holds these gains, it may reach a level of upto Rs 255/275 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 7850, indicating more strength ahead.
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