Markets end at two-year highs
DSIJ Intelligence / 06 Mar 2017
Indian markets started the week on a positive note with the bulls taking charge in the last hour of trade. Nifty was able to sustain the psychological level of 8950.
Indian markets started the week on a positive note with the bulls taking charge in the last hour of trade. Nifty was able to sustain the psychological level of 8950.
At the closing bell, Nifty ended at 8963, with a gain of 65 points, while the BSE Sensex closed at 29048 with a gain of 215 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 IT and Consumer Durables. Auto index rose 266 points. Bankex also increased 204 points. Oil & Gas and Capital Goods increased 163 points and 106 points, respectively. However, IT and Consumer Durables lost 20 points and 3 points, respectively. The Mid-cap and Small-cap indices increased 63 points and 76 points, respectively.
Asian markets traded mixed on Monday. Shanghai increased 0.48 per cent, Hang Seng rose 0.18 per cent, while Nikkei reduced 0.46 per cent. European markets were also trading weak.
Derivative Analysis
Nifty Future closed with positive bias at 8978. Going ahead, 9015/8950 will be the immediate support levels.
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