Indices bounce back; SBI surges by 4 %
DSIJ Intelligence / 15 Jun 2016
The Indian markets witnessed a superb recovery after mid-session on Wednesday. Bulls took charge specifically after Banking stocks like SBI, Bank Of Baroda, Kotak Mahindra Bank, HDFC Bank surged on merger announcement. The Sensex ended 330 points higher at 26726 and Nifty was up 97 points at 8206. Both the indices closed with a positive bias around 1.25 per cent.
The Indian markets witnessed a superb recovery after mid-session on Wednesday. Bulls took charge specifically after Banking stocks like SBI, Bank Of Baroda, Kotak Mahindra Bank, HDFC Bank surged on merger announcement. The Sensex ended 330 points higher at 26726 and Nifty was up 97 points at 8206. Both the indices closed with a positive bias around 1.25 per cent.
The advance-decline ratio ended positive in the closing session. On the NSE, 1667 shares closed in green, while 953 shares ended the day in red.
Top 5 Nifty Gainers: SBI saw the highest gains of 4.02%. NTPC, L&T, Bharti Airtel and Power Grid were the others trading higher.
Top 5 Nifty Losers: Bharti Infratel closed down by 4.1%, followed by Aurobindo Pharma, Adani Ports, Eicher Motors and Dr. Reddy's Labs.
13 of the 13 sectors ended in the green. The Capital Goods index was the top gainer, up by 328 points. Bankex also pulled the index, up by 280 points. Auto, Oil & Gas and IT were up more than 100 points each. Mid-Caps and Small-Caps were both up more than 65-90 points.
The Asian markets closed on a positive note. The Hang Seng market was the top gainer, up by 79 points. The Nikkei was higher by 60 points, and Shanghai and Taiwan also ended on a positive note.
Buzzer: SBI. The stock surged by 4 per cent to close above the technical level of Rs 215. If it continues with the scenario, it may see Rs 225 soon.
The Nifty index closed above the 8200 level, indicating a positive move ahead.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.