Indices surge; Bankex up by 1.2%
DSIJ Intelligence / 31 Aug 2016
The Indian markets were in the bulls grip in last session of August month. Index continued to witness up move and banking stocks kept on hovering in the green zone till closing session. The Nifty surged to close 41 points up at 8786 level; and the Sensex was up by 109 points at 28452 level. Both the indices closed on positive note, up around 0.4 per cent each.
The Indian markets were in the bulls grip in last session of August month. Index continued to witness up move and banking stocks kept on hovering in the green zone till closing session. The Nifty surged to close 41 points up at 8786 level; and the Sensex was up by 109 points at 28452 level. Both the indices closed on positive note, up around 0.4 per cent each.
The advance-decline ratio was on the positive side in the closing session. On the NSE, 27 shares closed in green, while 24 shares ended the day in red.
Top 5 Nifty Gainers: Ultratech Cement was top gainer with 3.5% gains, followed by Kotak Bank, L&T, Ambuja and Tata Power.Top 5 Nifty Losers: Hindalco was top loser with loss of 2.3%, followed by Tata Steel, Bosch Ltd., Lupin and Reliance.
In today’s trading session majority of the sectors closed on the green mark. Bankex and Capital goods were top gainers, and closed up by 269 points and 210 points respectively. While Consumer Durables and Auto also closed on a positive note up by 88 points and 77 points respectively. Mid-caps, Small-Caps and FMCG index also closed on a positive note. However Healthcare, Metal and IT closed on a negative note.
The Asian markets were quoting in the mix. Japan’s Nikkei was positive, and closed up by 162 points. Hong Kong’s Hang-Seng was down by 39 points, while Taiwan and KOSPI closed on the negative mark.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty closed at 8786 level. If it opens above 8800 mark, it may see more up move for the day.
Top 5 Gainers On NSE
| Top Gainer in Nifty | |||||
| Symbol | LTP | Change Rs | % Change | Support | Resistance |
| Ultracemco | 4029 | 140 | 3.5 | 3890 | 4120 |
| Kotak bank | 809 | 23 | 2.9 | 798 | 820 |
| LT | 1512 | 37 | 2.4 | 1470 | 1550 |
| Ambuja Cement | 281 | 7 | 2.4 | 269 | 299 |
| Tata Power | 78.80 | 1.80 | 2.2 | 77.50 | 80.10 |
Top 5 Losers On NSE
| Top Losers in Nifty | |||||
|
| LTP | Change Rs | % Change | Support | Resistance |
| Hindalco | 159 | -3.7 | -2.3 | 155 | 164 |
| Tata Steel | 370 | -7.4 | -2.3 | 360 | 380 |
| Bosch Ltd | 24245 | -499 | -1.9 | 24150 | 24350 |
| Lupin | 1482 | -30.2 | -1.7 | 1450 | 1570 |
| Reliance | 1047 | 20 | 1.6 | 999 | 1110 |
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