Sensex Closes Up By 100 Points, Realty And IT Sparkle

The Indian markets, after registering a new low of 5883, bounced back strongly in the last hour of trade on account of buying across the board, while strong global cues added to the momentum. At the end of the day Nifty closed up by 41 points at 5939.70 and Sensex closed at 19,664.04, up by 163 points. 

The advance–decline ratio ended on a positive side at the end of the day. On the NSE, 972 shares closed in green and 445 shares closed in red. 

Top 5 Gainers on NSE: ONGC ended up by 3.73% as the top gainer on NSE, followed by DLF, ACC, Ranbaxy Labs and BHEL.

Top 5 losers on NSE: Bharti Airtel ended the day as the top loser on NSE, down by 1.96%, followed by GAIL, Coal India, Hero Motocorp and Jindal Steel and Power. 

Among the sectoral indices, all the sectors ended on a positive side. Realty, IT and Healthcare ended higher in the range of 1.41% to 2.07%. 

The European markets are trading firm at this point of trade. CAC 40 is trading higher by 1.06%, followed by DAX, up by 0.82% and FTSE 100 up by 0.34%. 

On the global front, Asian shares closed mixed. Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei 225 closed in the negative territory. Strait Times, Taiwan Weighted and KOSPI, however, ended in green.

Buzzers: Infosys’ stock saw a good momentum in today’s trade. The stock closed higher by 1.45% at Rs 2820. The company made an announcement that it will trade on NYSE Euronext under the ticker symbol INFY. Ahead of the listing on NYSE Euronext, Infosys CEO and MD said that listing on NYSE Euronext enables British, French and other European investors to have direct excess to Infosys ADS. 

ONGC was the star performer of the day. Its stock gained 3.73% and closed at 329.70. It has seen a pullback from support zone and it is supported by strong volumes. 

We mentioned in our last update that Nifty has a strong support of 5880 and made a low of 5883 to bounce back strong and once it crossed 5930, it shot up and closed near the highest pint of day.