Markets Gain For Second Consecutive Day

The Indian markets ended on a positive note today. The Nifty closed up by 42 points at 5993.25 and Sensex was up by 124 points at 19,705.19. Both Nifty and Sensex were higher in the range of 0.64%-0.71%.

The market breadth stayed positive, with 917 shares advancing and 536 shares seeing a decline.

Top 5 NSE Gainers: Bajaj Auto emerged as the top gainer and closed with gains of 3.30%. This was followed by IDFC, Jaiprakash Associates, BPCL and Maruti Suzuki India.

Top 5 NSE Losers: Asian Paints stood the top loser at the end of the day’s trades, down by 1.16%. Wipro, Power Grid Corporation, ITC and Coal India were among the other losers for the day.

10 of out the 13 sectoral indices ended in positive zone. CD and CG closed up in the range of 1.39%-1.69, while FMGC, IT and Realty ended on the negative side.

The European markets have cheered the development in the US and has started the new year with soaring gains. All the indices in the region are trading up in range of 1.80%-2.03%. The top gainer is CAC 40, followed by FTSE 100 and DAX.

The Asian peers also ended their day on a positive note. The Hang Seng closed up by 2.81% and KOSPI was 1.68% higher.

Buzzers: Gitanjali Gems hit a new 52-week high of Rs 608.70 and saw a low of Rs 540. It finally managed to close up by 8.13%. It has seen good volumes and a strong up-move in the past three trading sessions, surging by over 15%.

KEC International touched an intraday high of Rs 74.40 and a low of Rs 67.05, and closed up by 5.47% at Rs 71.35. The stock rallied on news of securing new orders worth Rs 1511 crore in its transmission, power systems and cable business from India, Oman.

Going ahead, the support for Nifty stands at 5965-5890 and resistance at 6015 and 6050.