Indices shine; Bankex gains
DSIJ Intelligence / 20 Oct 2016
The Indian markets not only opened on a positive note but have ended on the upside with good volumes. The markets were volatile after midsession but again they closed near day highs. The Nifty ended with gains of 40 points at 8699 and Sensex was up by 145 points at 28129.
The Indian markets not only opened on a positive note but have ended on the upside with good volumes. The markets were volatile after midsession but again they closed near day highs. The Nifty ended with gains of 40 points at 8699 and Sensex was up by 145 points at 28129.
The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1592 shares closed in green, while 1230 shares ended the day in red.
Majority of the sectoral indices closed in the positive in today’s session. Bankex and Metals were the top gainers, up by 315 points and 139 points respectively. Metals, Capital Goods and Consumer Durables also closed upward in the range of 85-90 points. Mid-Caps and Small-Caps closed in positive territory. However Healthcare and IT closed in negative territory.
In the Asian markets, the Nikkei closed up by 236 points. The Hang Seng index ended up by 69 points. While the Taiwan and Shanghai Composite ended on a negative note.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty future closed around 8700. Going ahead level of 8770 will be the fresh bullish crossover.
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