Sensex above 27000 mark; Bankex rallies 1.6 %
DSIJ Intelligence / 07 Jun 2016
The Indian markets climbed by 0.80 per cent, with Banks, Capital Goods and Consumer Durables being the key gainers. The Nifty ended 65 points up at 8266 and the Sensex ended 232 points up at 27009. The global scenario also looked positive today.
The Indian markets climbed by 0.80 per cent, with Banks, Capital Goods and Consumer Durables being the key gainers. The Nifty ended 65 points up at 8266 and the Sensex ended 232 points up at 27009. The global scenario also looked positive today.
The advance-decline ratio ended in the positive today. On the NSE, 1483 shares closed in green, while 1118 shares ended the day in red.
Top 5 Nifty Gainers: SBI closed with highest top gains, up by 5.6%. ICICI Bank, Ultra Tech Cement, Hindalco and Ambuja Cement were the others trading higher.
Top 5 Nifty Losers: BPCL was down by 1.8% today, followed by IndusInd Bank, Aurobindo Pharma, Tata Power and Eicher Motors.
11 of the 13 sectors ended in the green. Bankex was up by 329 points, Capital Goods and Consumer Durables gained around 175 points each. FMCG, Metals and Auto were up around 100 points each. The Mid-Caps and Small-Caps sectors also provided good support, up by 107 points and 32 points, respectively. However Oil& Gas and IT closed in the negative territory.
The Asian markets closed on a positive note. The Hang Send market was the top gainer, up by 298 points and Nikkei ended 95 points higher. Shanghai Composite and Taiwan Weighted were also in the green zone.
Buzzers: The stock of SBI surged 5.6 per cent to close above the technical level of Rs 210. If it continues with current scenario, it may touch Rs 220-Rs 230 soon.
Nifty Futures has broken its bullish crossover at 8250 and also managed to close above this level. A positive opening is likely in tomorrow’s trading session.
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