Indices bounce back
DSIJ Intelligence / 29 Aug 2016
The Indian markets witnessed a good up-move in the closing-session on Monday. Capital Goods, Auto and Metal indices pulled the benchmark in the green territory. The Sensex ended 120 points higher at 27902; and Nifty was up 34 points at 8607. Both the indices closed with a positive bias around 0.4 per cent each.
The Indian markets witnessed a good up-move in the closing-session on Monday. Capital Goods, Auto and Metal indices pulled the benchmark in the green territory. The Sensex ended 120 points higher at 27902; and Nifty was up 34 points at 8607. Both the indices closed with a positive bias around 0.4 per cent each.
The advance-decline ratio ended in the positive towards the closing session. On the NSE, 33 shares closed in green, while 18 shares ended the day in red.
Top 5 Nifty Gainers: ZEEL was top gainer with 5.2% gains, followed by Tata Motors, Hero MotoCorp, Reliance and Hindalco.
Top 5 Nifty Losers: HCL Tech was top loser with loss of 3.4%, followed by Wipro, Infratel, Tech Mahindra and Lupin.
In today’s trading session the majority of the sectors closed on the green mark. Auto and Capital Goods were top gainers, and closed up by 305 points and 172 points respectively. Metals and Bankex also closed on a positive note up by 105 points and 53 points respectively. Mid-caps and Small-Caps also closed on a positive note. However, Healthcare and IT remained on a negative note.
The Asian markets were quoting in the mix. Japan’s Nikkei was positive, closing up by 376 points. Hong Kong’s Hang-Seng was down by 88 points, while Taiwan and Shanghai composite closed on the red mark.
European markets were also trading in negative scenario.
Derivative Analysis
From last few trading sessions the Nifty future has sustained above 8500 mark, and also closed above 8600. Indicative of a continuous upward momentum.
Top 5 Gainers On NSE
| Top Gainer in Nifty | |||||
| Symbol | LTP | Change Rs | % Change | Support | Resistance |
| ZEEL | 532 | 26 | 5.2 | 510 | 570 |
| Tata Motors | 525 | 22 | 4.2 | 490 | 550 |
| Hero Motoco | 3413 | 113 | 3.2 | 3350 | 3480 |
| Reliance | 1059 | 28 | 3.05 | 999 | 1110 |
| Hindalco | 159 | 3.5 | 2.5 | 155 | 160 |
Top 5 Losers On NSE
| Top Losers in Nifty | |||||
|
| LTP | Change Rs | % Change | Support | Resistance |
| HCL tech | 755 | -23 | -3.04 | 740 | 770 |
| Wipro | 478 | -12 | -2.4 | 460 | 490 |
| Infra Tel | 338 | -8 | -2.3 | 315 | 350 |
| Tech M | 450 | -9.9 | -2.1 | 420 | 490 |
| Lupin | 1480 | -32 | -2.1 | 1380 | 1575 |
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