Bulls rule the roost
DSIJ Intelligence / 09 May 2016
The Indian markets saw a superb rally, with Banking, Auto and Capital Goods leading the day. The Nifty ended higher by 132 points at 7866; and Sensex was up by 460 points at 25688. Both the indices ended higher by around 1.8 per cent.
The Indian markets saw a superb rally, with Banking, Auto and Capital Goods leading the day. The Nifty ended higher by 132 points at 7866; and Sensex was up by 460 points at 25688. Both the indices ended higher by around 1.8 per cent.
The market breadth remained positive till closing hour, with 1673 advances; and 969 declines on the NSE.
Top 5 Nifty Gainers: Bosch was the top gainer for today’s session, closing higher by 4.4%. Among the other gainers were Zee Entertain, Yes Bank, Bajaj Auto and Axis Bank.
Top 5 Nifty Losers: HUL ended lower by 0.9 per cent today, followed by Dr Reddy's Labs, Idea Cellular, BPCL and Hindalco.
Bankex gained a total of 453 points for the day, Auto and Capital Goods was up by 292 points and 244 points, IT was 142 points higher and Oil & Gas moved 63 points up. Mid-Caps and Small-Caps also saw positive trades, both higher by 130 points in the closing session.
In Asia, the Hang Seng was the top gainer and saw an appreciation of 46 points and Nikkei ended higher by 109 points. KOSPI and Taiwan Weighted closed with a nominal negative bias.
Buzzers: Bosch surged. The scrip rose by 4.4% and closed around the technical level of Rs 2000. If it opens above this level, it may reach a level of upto Rs 2100 in the next few trading sessions.
Nifty Futures saw a handsome up-move and closed above 7900, indicating more strength ahead.
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