D-Street Parties!
Suparna / 18 Oct 2013
The Indian markets witnessed a non-stop upward rally today, with heavy buying in all the sectors. Nifty ended the day higher by 143 points at 6189, and Sensex was 467 points higher at 20882.
The Indian markets witnessed a non-stop upward rally today, with heavy buying in all the sectors. Nifty ended the day higher by 143 points at 6189, and Sensex was 467 points higher at 20882. Both indices closed up in the range of 2.29%-2.38%.
The advance-decline ratio was also in positives. On the NSE, 1691 shares closed in green, while 1402 shares ended the day in red.
Top Nifty Gainers: IndusInd Bank closed the day with the highest gains on the index, up by 6.3%. Tata Steel, Sesa Sterlite, Axis Bank and JP Associates were among the others that ended higher.
Top Nifty Losers: Bajaj Auto was the only one stock which remained subdued today, though it was down by only 0.01%.
All the sectoral indices managed to close in the green. Bankex remained on top of the list, up by 462 points. Metals moved up by 247 points and Capital Goods was 289 points higher. Oil & Gas and FMCG also surge by 178 points and 125 points respectively. Mid-Caps and Small-Caps also ended in the green zone.
The scenario remained unchanged in the Asian markets too. Hang Seng ended higher by 245 points and Taiwan Weighted was up 66 points. Shanghai Composite closed the day in the green zone.
Buzzer: Axis Bank shot up by 5.4% today. The stock broke all its major hurdles and closed above the technical level of Rs 1150. If it sustains above this level, it may see more positive trades ahead.
Nifty Futures closed above the psychological level of 6200. If the index opens above this level in the future, it may continue with the current scenario.
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