Nifty jumps to cross 8650, Bankex surges by 2.3 %
DSIJ Intelligence / 18 Oct 2016
The Indian markets were in the bulls grip in October 18 2016. Index continued to witness up move and also all the sectors kept in green zone till closing session. The Nifty surged to close 157 points up at 8677 level and the Sensex was up by 520 points at 28050 level. Both the indices closed on positive note, up more than 1.8 per cent each.
The Indian markets were in the bulls grip in October 18 2016. Index continued to witness up move and also all the sectors kept in green zone till closing session. The Nifty surged to close 157 points up at 8677 level and the Sensex was up by 520 points at 28050 level. Both the indices closed on positive note, up more than 1.8 per cent each.
The advance-decline ratio was on the positive side in the closing session. On the NSE, 46 shares closed in green, while 5 shares ended the day in red.
Majority of the sectoral indices closed in the positive in today’s session. Bankex and Capital Goods were the top gainers, up by 517 points and 303 points respectively. While Mid-Caps and Small-Caps were up by around 200 points each. Healthcare , Metals and Consumer Durables also closed in positive territory.
In the Asian markets, the Nikkei closed up by 63 points.The Hang Seng index ended up by 356 points. While the Taiwan and KOSPI also ended on a positive note.
European markets were also trading in positive scenario.
Derivative Analysis
Nifty future has given bullish crossover after breaking the technical level of 8650, indicating more positive moves.
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