Sensex Above 19000, Mid-Caps Outperform

The Indian markets saw good momentum in the last hour of trade. The Nifty closed with gains of 45 points at 5750 and Sensex closed up by 75 points at 19,040. Both the indices are higher between 0.75%-0.93%.

The advance-decline ratio was on the positive side at the end of the day. On the NSE, 1087 shares closed positive and 346 shares were lower.

Top 5 NSE Gainers: Sun Pharma ended as the top gainer on the NSE, up by 4.91%. Reliance Infrastructure, Sesa Goa, IDFC and Cairn India were the other gainers.

Top 5 NSE Losers: Bajaj Auto was down by 1.5%, followed by Asian Paints, Axis Bank, HDFC and Tata Power.

Most of the sectoral indices closed higher. Realty, Metal, Capital Goods and Healthcare ended on a firm note. Auto was the top loser in the sectoral pack.

Most of the Asian markets closed in the green. The Hang Seng, KOSPI and China’s Shanghai Composite closed flat with a positive bias. Japan’s Nikkei 225 was the only loser, closing down by 131 points at 12,003.

Buzzers: RComm gained 15% to close at Rs 65.80 on the exchange after the company inked a Rs 1200 crore deal with Reliance Industries' 4G arm, Reliance JIO Infocomm.

Other shares of the Anil Dhirubhai Ambani Group (ADAG) also saw strong buying interest. Reliance Capital gained 5.5%, Reliance Infra rose 4%, while Reliance Power shares traded 4.7% higher.

Venky’s India was up by 11% on the NSE. The stock opened at Rs 505 and broke all the hurdles to close around Rs 574.

The Nifty has a stiff resistance around the levels of 5780-5800. It needs to sustain above these levels for a fresh up-move.