Bulls ramp up markets on Thursday
DSIJ Intelligence / 16 Feb 2017
Bulls went on the rampage in Indian markets on Thursday after weak previous trading sessions. BSE Sensex and Nifty increased more than half per cent.
Bulls went on the rampage in Indian markets on Thursday after weak previous trading sessions. BSE Sensex and Nifty increased more than half per cent. Markets have covered two days’ losses and cheered investors.
At the closing bell, the Nifty ended at 8778 with gain of 53 points and BSE Sensex closed at 28301 with increment of 145 points. On the NSE, 37 shares closed in the green, while 14 shares ended the day in the red.
All indices closed in the green, except FMCG. Auto and Healthcare increased more than 341 points and 361 points, respectively. IT, Metals, Consumer Durables also rose more than 200 points. However, FMCG declined 80 points. Mid-cap index increased 164 points and Small-cap rose 179 points.
Asian markets remained mixed on Thursday. Shanghai rose 0.52 per cent, Hang Seng increased 0.47 per cent, Nikkei declined 0.47 per cent. European markets were trading in the negative zone.
Derivative Analysis
Nifty Future closed with a positive bias at 8785. Going ahead, 8818/8725 will be the immediate support levels.
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