Bulls overpower bears: Indices surge by 1.7 %
DSIJ Intelligence / 08 Dec 2016
The Indian markets saw a superb rally, with Auto, Banks and Metals leading the day. The Nifty ended higher by 144 points at 8246 and Sensex was up by 457 points at 26694. Both the indices ended higher by around 1.7 per cent each.
The Indian markets saw a superb rally, with Auto, Banks and Metals leading the day. The Nifty ended higher by 144 points at 8246 and Sensex was up by 457 points at 26694. Both the indices ended higher by around 1.7 per cent each.
The market breadth remained positive till closing hour, with 47 advances and 4 declines on the NSE.
All of the sectoral indices closed on a positive note. Auto index was the outperformer of the day up by 527 points. While Metals and Banks' index witnessed superb up move up around 300 points each. Mid-cap, Small-Caps, IT and Healthcare rallied around 150-180 points each.
In the Asian markets, the Nikkei closed up by 268 points. While the Hang Seng index ended up by 60 points. The KOSPI and Taiwan also ended on a positive note.
European markets were also trading in positive scenario.
Derivative Analysis
Nifty future closed above 8250 mark. Going ahead 8340/8370 will be the immediate resistance levels.
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