Bulls on fire to rule the market

The Indian markets saw superb opening in the starting of July third week, with highest volume of last few leading sessions. The benchmark indices not only started well but also closed on highest level of 2016. The Nifty ended higher by 144 points at 8467 and Sensex was up by 499 points at 27626. Both the indices ended higher, by around 1.74-1.85 per cent each.  

Market breadth for the Nifty Index remained positive and the advance decline ratio ended on the positive side in today’s trading session. 48 stocks closed with green mark; whereas, 3 stocks closed in red.

Top 5 Nifty Gainers: Adani Ports was top gainer gain with 5.2% followed by Bank of Baroda, Tata Motors, Tata Motors (DVR) and ICICI Bank.

Top 3 Nifty Losers: HCL Tech was top loser with loss of 0.5% followed by Axis Bank and IndusInd Bank.

On the sectoral front, 13 out of the 13 sectors ended in the green. auto and banking sectors were top performers and gained more than 400 points. Whereas metal, healthcare and capital goods sector were up more than 200 points each. Mid-caps and Small-caps also showed good strength on closing buzz.

The Asian markets were quoting positive; Nikkei was up by 601 points. While Hong Kong’s Hang-Seng was up by 316 points. KOSPI and Shanghai also closed in positive territory.

In Europe, FTSE opened up by 57 points; DAX opened 155 points higher, and CAC opened 60 points higher.

Derivative Analysis

The Nifty July futures open interest has increased by 1.7%. Bank Nifty July futures open interest has increased by 2.3%. Nifty market closed at 8767 levels & Bank Nifty closed at 18478 levels.

Top Gainers On NSE

 Top Losers On NSE