Bulls party hard on D-Street: Indices up by 1 %
DSIJ Intelligence / 30 Dec 2016
The Indian markets climbed by 1 per cent on the last trading session of 2016. All the indices closed in green territory with Banks and Healthcare being the outperformers. The Nifty ended 82 points up at 8185; and the Sensex ended 260 points up at 26626.
The Indian markets climbed by 1 per cent on the last trading session of 2016. All the indices closed in green territory with Banks and Healthcare being the outperformers. The Nifty ended 82 points up at 8185; and the Sensex ended 260 points up at 26626.
The advance-decline ratio ended in the positive today. On the NSE, 43 shares closed in green, while 8 shares ended the day in red.
All the sectoral indices closed on a positive note. Banks gained a total of 184 points for the day; Healthcare, FMCG and Capital Goods were up around 150 points each. Mid-Caps and Small-Caps also saw positive trades.
In the Asian markets, the Nikkei closed down by 30 points. While the Hang Seng index ended down by 209 points. The KOSPI and Shanghai also ended on a positive note.
European markets were trading in negative scenario.
Derivative Analysis
Nifty future has given a bullish crossover, as it closed above 8150. If it opens above 8200 level, it may see 8260/8300 levels.
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