Markets rally on positive policy changes; Nifty closes above 9350
DSIJ Intelligence / 04 May 2017
Indian capital markets surged on Thursday owing to positive structural policy changes by the Central government. Nifty sustained above the level of 9350.
Indian capital markets surged on Thursday owing to positive structural policy changes by the Central government. Nifty sustained above the level of 9350.
At the closing bell, Nifty ended at 9359 with gain of 47 points and BSE Sensex closed at 30126, an increment of 231 points. On the NSE, 26 shares closed in the green, while 24 shares ended the day in the red.
All indices closed in the green except IT, Metals, Oil & Gas and Auto. Bankex increased 584 points. Consumer Durables rose 219 points. Capital Goods and FMCG increased 138 points and 101 points respectively. Auto index declined 127 points. Metals and Oil & Gas decreased 80 points each. Mid-cap index increased 70 points and Small-cap rose 54 points.
Asian markets traded mixed on Thursday. Shanghai decreased 0.25 per cent, Hang Seng declined 0.05 points. Nikkei remained closed on May 4. European markets were trading on positive sentiments.
Derivative Analysis
Nifty Future closed in the negative at 9381. Going ahead, 9416/9311 will be the immediate support levels.
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