Bulls Rule The Day, Bankex Gains 3%

The Indian markets saw a rally starting from the morning session, and continued to trade at the higher levels. The Nifty closed the day higher by 128 points at 5908, and Sensex was up 381 points at 19898. Both the indices gained in the range of 1.8%-2.15%.

The advance-decline ratio remained positive until the closing session. On the NSE, 1594 shares closed in the green, while 1038 shares ended the day in red.

Top Nifty Gainers & Losers: Sesa Goa saw the highest gains on the index today, up by 8%. JP Associates, Axis Bank, Ambuja Cements and UltraTech Cement were among the others that stood in gains by day’s end. Only two stocks ended the day in negatives – HUL, down by 1.5%, and ITC.

All the sectoral indices except for FMCG closed the day in gains. Bankex gained 326 points, Metals was up 315 points and Auto closed 242 points higher. Capital Goods were up by 204 points and IT gained 176 points. The Mid-Cap and Small-Cap indices were also in the green.

In the Asian markets, the Hang Seng closed 229 points higher. Taiwan Weighted also remained in the green zone, up by 142 points.

Buzzer: JP Associates rallied by 7.3%, making an intraday high of Rs 37.70. If the scrip opens above this level tomorrow, it may move to the Rs 40 level.

Nifty Futures broke all its intraday hurdles to close above the 5950 level, hinting at more strength for tomorrow’s trading session.