DLF Rallies Over 4% As Markets Close Higher

The Indian markets witnessed a range-bound day today, where Nifty was moving in a narrow range of 20 points. At the end of the day, Nifty closed with marginal gains of 10 points at 5898 and Sensex closed at 19,497, up by 29 points. Both the indices closed up in the range of 0.15%-0.18%.

The advance–decline ratio ended on a positive side at the end of the day. On the NSE, 868 closed in green and 563 shares closed in red. 

Top 5 Gainers on NSE: DLF ended up by 4.97% as the top gainer on NSE, followed by Jaiprakash Associates, Power Grid Corporation, Tata Steel and Reliance Infrastructure.

Top 5 losers on NSE: Jindal Steel and Power ended the day as the top loser on NSE, down by 1.99%, followed by Coal India, ONGC, and UltraTech Cement. 

Most of the sectors ended in green. Realty, Consumer Goods and Power ended higher in the range of 1.03%-2.15%. IT and Teck ended down.

The European markets are trading mixed. DAX is trading up in by 0.10%. FTSE 100 and CAC 40 are trading lower in the range of 0.06%-0.36%. 

The Asian shares closed mixed too. Japan’s Nikkei 225 closed higher by 2.09%, followed by Strait Times which closed up in the range of 0.15%. Shanghai Composite and Hang Seng ended down in the range of 0.27%-0.45%.

Buzzers: Talwalkars rallied almost 6% in today’s trade. In the last hour of trade, the stock saw a good run-up and went on to hit a new high. It saw a nominal rise in volume as compared to the average volume. The scrip closed at Rs 172.

Hathway Cables closed up by 7.54% at Rs 255.35. The stock rallied up along with a rise in the volumes. It registered an intraday high of Rs 261.80 and a low of Rs 238.

Nifty, in the last hour of trade, moved in a tight range. Going ahead, the important levels will be 5880, which will act as a support and on the higher side, 5930 will act as a resistance.