Indices hold gains
DSIJ Intelligence / 17 May 2016
The Indian markets witnessed a good up-move during the day and managed to hold their gains until closing. Oil & gas and Auto were key gainers, up more than 100 points each. The Sensex ended 120 points higher at 25773 and Nifty moved up 30 points to 7890. Both the indices closed with a positive bias of 0.38-0.47 per cent each.
The Indian markets witnessed a good up-move during the day and managed to hold their gains until closing. Oil & gas and Auto were key gainers, up more than 100 points each. The Sensex ended 120 points higher at 25773 and Nifty moved up 30 points to 7890. Both the indices closed with a positive bias of 0.38-0.47 per cent each.
The advance-decline ratio ended in the negative. On the NSE, 1299 shares closed in green; while 1305 shares remained in the red.
Top 5 Nifty Gainers: ONGC saw the highest gains of 3.7%. Axis Bank, HDFC, Ultratech Cement and BPCL were among the others that closed the day higher.
Top 5 Nifty Losers: Eicher Motors remained the strongest loser today, closing down by 2.4%, followed by Aurobindo Pharma, HUL and Tata Motors DVR.
Majority of sectors all ended in the green. The Auto index gained 105 points, Oil & Gas was up 108 points, Capital Goods and Consumer Durables were around 75 points higher and Bankex was up 45 points. Mid-Caps and Small-Caps also gained around 20 points each.
The Asian markets closed on a positive note. Hang Seng was the top gainer, up by 234 points and Nikkei gained 186 points. Straits Time and Taiwan Weighted also ended in the green.
Buzzer: ONGC. The stock surged by 3.7% and closed above 210 mark. If it continues with the current momentum, it may see more up moves around 225 mark.
The Nifty index closed above the 7900 mark today, indicating a positive move ahead.
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