Markets turn green as bulls return
DSIJ Intelligence / 23 Mar 2017
Indian capital markets traded on positive sentiments after three consecutive days of losing streak. Despite weak global cues, markets witnessed bullish trend on Wednesday.
Indian capital markets traded on positive sentiments after three consecutive days of losing streak. Despite weak global cues, markets witnessed bullish trend on Wednesday. Nifty was able to sustain above the 9050 level.
At the closing bell, Nifty ended at 9086, with gain of 55 points and BSE Sensex closed at 29332 with increment of 164 points. On the NSE, 40 shares closed in the green, while 10 shares ended the day in the red and 1 remained unchanged.
All indices closed in the green, except FMCG. Auto index increased 184 points, while Capital Goods, Metals, Oil & & Gas, Bankex rose more than 100 points each. Consumer Durables increased just 16 points. Mid-cap index increased 131 points and Small-cap also rose 126 points.
Asian markets traded bullish on Thursday. Shanghai rose 0.10 per cent, Hang Seng increased 0.03 per cent, Nikkei also rose 0.23 per cent. European markets were trading on negative sentiments.
Derivative Analysis
Nifty Future closed positive at 9104. Going ahead, 9168/9032 will be the immediate support levels.
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