Indices shine, Auro jumps by 5.9 %

The Indian markets not only opened on a positive note, but they also ended up with good volumes. The markets remained volatile after mid-session but again closed near day's highs. The Nifty ended with a gain of 90 points at 8867 and Sensex up by 265 points at 28773.

On closing, the market breadth was positive. On the NSE, 38 shares closed in the green and 13 shares ended the day in the red.

Apart from IT, all the sectoral indices closed in positive at the end of today's session. Banks and auto were the outperformers and up around 300 points each. Capital goods and healthcare were up by around 204 points and 164 points respectively. Metals, mid-caps, small-caps, oil & gas closed in the positive territory around 150 points each.

In the Asian markets, the Nikkei remained closed for the day. The Hang Seng index ended on the positive side by 89 points. While the Taiwan and KOSPI also ended on a positive note. 

European markets were also trading in the positive zone. 

Derivative Analysis

Nifty Futures closed above major hurdle which was at 8850 level. If it continues with current rate, it can soon reach 9000 level.