Indices witness relief rally, Nifty ends above 8100
DSIJ Intelligence / 25 Nov 2016
The Indian markets saw a superb relief rally on November 25, 2016. IT was leading the day, followed by Healthcare and Bankex. The Nifty ended higher by 149 points at 8114; and Sensex was up by 456 points at 26316. Both the indices ended higher around 1.80 per cent each.
The Indian markets saw a superb relief rally on November 25, 2016. IT was leading the day, followed by Healthcare and Bankex. The Nifty ended higher by 149 points at 8114; and Sensex was up by 456 points at 26316. Both the indices ended higher around 1.80 per cent each.
The market breadth remained positive till closing hour, with 42 advances and 9 declines on the NSE.
All the sectoral indices closed on a positive note. IT index led today’s rally, being up by 442 points. Healthcare and Bankex were outperformers of the day, up by 359 points and 247 points respectively. Mid-caps and Small-caps also were up around 150 points and 235 points respectively. Metals, Capital Goods, Oil & Gas and FMCG closed in positive territory.
In the Asian markets, the Nikkei closed up by 47 points. The Hang Seng index ended up by 114 points. While the Taiwan and Shanghai Composite also ended on a positive note.
European markets were trading in negative scenario.
Derivative Analysis
Nifty future closed above 8100 mark, indicating good strength on lower levels.
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