Bulls Charge, Sensex regains 26K

DSIJ Intelligence / 26 Apr 2016

 Bulls Charge, Sensex regains 26K

The Indian markets saw a superb rally on Tuesday's trading session, with Banking, Auto and Metals leading the day. The Nifty ended higher by 107 points at 7962; and Sensex was up by 328 points at 26007. Both the indices ended higher by around 1.3 per cent each.

The Indian markets saw a superb rally on Tuesday's trading session, with Banking, Auto and Metals leading the day. The Nifty ended higher by 107 points at 7962; and Sensex was up by 328 points at 26007. Both the indices ended higher by around 1.3 per cent each.

The market breadth remained positive till closing hour, with 1586 advances and 975 declines on the NSE.

Top 5 Nifty Gainers: Hindalco was the top gainer for today’s session, closing higher by 4.8%. Among the other gainers were Idea Cellular, IndusInd Bank, Maruti Suzuki and Yes Bank.

Top 5 Nifty Losers: Adani Ports ended lower by 1.1% today, followed by Adani Ports, Bharti Infratel, Hero Motocorp and BPCL.

Bankex gained a total of 383 points for the day, Auto was up by 290 points, Metals was 156 points higher and IT moved 128 points up. Mid-Caps and Small-Caps also saw positive trades, both higher by 86 points and 75 points in the closing session.

In Asia, the Hang Seng was the top gainer and saw an appreciation of 102 points and Nikkei ended by losing 86 points. KOSPI and Taiwan Weighted closed with a nominal positive bias.

Buzzers: Hindalco surged as it agreed to accept a takeover bid from MetalsX. The scrip rose by 4.8% and closed above the technical level of Rs 100. If it holds these gains, it may reach a level of upto Rs 110/120 in the next few trading sessions.

Nifty Futures saw a handsome up-move and closed above 7950. If it opens above the technical level of 8000, it may see more up moves. 

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