Bulls Charge: Sensex regains 28K

The Indian markets saw a superb up move, despite of banking major, SBI's Q1 profit failing to meet the street estimates. Banking stocks like Axis Bank and Yes Bank also outperformed to provide good support as both are up by 3 per cent. The Nifty ended higher by 80 points at 8672 and Sensex was up by 292 points at 28152. Both the indices ended higher by around 1 per cent each. 

The market breadth remained positive till closing hour, with 33 advances and 18 declines on the NSE.

Top 5 Nifty Gainers: SBIN was top gainer with 7.4% gains, followed by Axis Bank, Yes Bank, Hindalco and Tata Motors.

Top 5 Nifty Losers: BPCL was top loser with loss of 2.8%, followed by Tech Mahindra, Cipla, Idea and Infy. 

In today’s trading session the majority of the sectors closed on the green mark and Bankex was top gainer by 433 points. Auto and Metals also closed on a positive note, up by 226 points and 121 points respectively, followed by Mid-caps and Small-caps, which also closed in green territory. However IT, Oil & Gas and Healthcare closed on a negative note.

The Asian markets were quoting in positive. Japan’s Nikkei was positive, closing up by 184 points.  Hong Kong’s Hang-Seng was up by 186 points; and China’s Shanghai Composite closed on the green mark.

European markets were trading in negative scenario.

Derivative Analysis

Nifty future closed above 8650 level, indicating more strength ahead.  

Top 5 Gainers On NSE

Top 5 Losers On NSE