Post Session: Sensex surges 456 pts as IT stocks rally; Nifty reclaims 8,100 : 25/11/2016 16:06
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The 30-share benchmark index closed trade at 26316.34, up by 456.17 points or by 1.76 per cent, and the NSE Nifty ended at 8114.3, up by 148.8 points or by 1.87 per cent.
In the day’s trade, the BSE Sensex touched intraday high of 26343.95 and intraday low of 25874.45, while the NSE Nifty touched intraday high of 8122.25 and intraday low of 7976.75.
Information Technologies stocks advanced nearly 5 per cent on BSE, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry.
In line with the benchmark indices, the broader market ended on robust note with the BSE MIDCAP closing at 12183.02, up by 156.76 points or by 1.3 per cent, while the BSE SMLCAP ended at 12027.7, up by 235.42 points or by 2 per cent.
The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2300.85,+5.23%), Infosys Ltd. (Rs. 977.30,+4.78%), Sun Pharmaceutical Industries Ltd. (Rs. 712.15,+4.18%), GAIL (India) Ltd. (Rs. 417.35,+3.48%), Lupin Ltd. (Rs. 1509.30,+3.36%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2618.00,-0.54%), State Bank of India (Rs. 260.95,-0.29%), Bharti Airtel Ltd. (Rs. 300.85,-0.22%), were among top losers on BSE.
On the sectoral front, all the thirteen indices ended in green, while IT and Teck stocks emerged as top gainers, adding as much as 4.69 per cent and 3.79 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2957, shares advanced were 2127 while 651 shares declined and 179 were unchanged.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmark indices kicked off December Futures & Options (F&O) contract series on a robust note with Sensex rising 1.7 per cent on Friday, led by strong rally across IT, Teck, pharma and metal stocks. Firm cues from Asian peers also lifted market sentiments as rising optimism that the US economy is strong enough to withstand higher interest rates, bolstering risk raking appetite.
The 30-share benchmark index closed trade at 26316.34, up by 456.17 points or by 1.76 per cent, and the NSE Nifty ended at 8114.3, up by 148.8 points or by 1.87 per cent.
In the day’s trade, the BSE Sensex touched intraday high of 26343.95 and intraday low of 25874.45, while the NSE Nifty touched intraday high of 8122.25 and intraday low of 7976.75.
Information Technologies stocks advanced nearly 5 per cent on BSE, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry.
In line with the benchmark indices, the broader market ended on robust note with the BSE MIDCAP closing at 12183.02, up by 156.76 points or by 1.3 per cent, while the BSE SMLCAP ended at 12027.7, up by 235.42 points or by 2 per cent.
The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2300.85,+5.23%), Infosys Ltd. (Rs. 977.30,+4.78%), Sun Pharmaceutical Industries Ltd. (Rs. 712.15,+4.18%), GAIL (India) Ltd. (Rs. 417.35,+3.48%), Lupin Ltd. (Rs. 1509.30,+3.36%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2618.00,-0.54%), State Bank of India (Rs. 260.95,-0.29%), Bharti Airtel Ltd. (Rs. 300.85,-0.22%), were among top losers on BSE.
On the sectoral front, all the thirteen indices ended in green, while IT and Teck stocks emerged as top gainers, adding as much as 4.69 per cent and 3.79 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2957, shares advanced were 2127 while 651 shares declined and 179 were unchanged.
