Bulls rock the street as Nifty crosses 8100; Auto outperformed
DSIJ Intelligence / 29 Dec 2016
The Indian markets saw a massive rally at the closing buzz, with Auto, Mid-caps and Small-caps leading the day. The Nifty ended higher by 69 points at 8103; and Sensex was up by 155 points at 26366. Both the indices ended higher by around 0.59-0.86 per cent each.
The Indian markets saw a massive rally at the closing buzz, with Auto, Mid-caps and Small-caps leading the day. The Nifty ended higher by 69 points at 8103; and Sensex was up by 155 points at 26366. Both the indices ended higher by around 0.59-0.86 per cent each.
The market breadth remained positive till closing hour, with 41 advances and 10 declines on the NSE.
The sectoral indices closed on a positive note. Auto gained a total of 266 points for the day; Bankex, Consumer Durables and Oil & Gas were up more than 150 points each; Mid-Caps and Small-Caps also saw positive trades, both higher by 130 points in the closing session.
In the Asian markets, the Nikkei closed down by 256 points. While the Hang Seng index ended up by 36 points. The KOSPI and Shanghai also ended on a mixed note.
European markets were trading in negative scenario.
Derivative Analysis
Nifty future closed above 8100 mark, indicating more upward moves.
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