The top gainers were Bharti Infratel, YES Bank, Sun Pharma and Bank of Baroda while the top losers were Eicher Motors, Mahindra & Mahindra, Ashok Leyland, Hindalco Industries and Tata Steel.
The Nifty50 closed last session of the week on a strong note after a roller coaster ride, led by positive global cues. The rally globally was driven by the news that the US and China will hold trade talks next week.
The index managed to hold 10,700 levels and formed 'Hammer' kind of pattern on the daily charts and 'Bearish Engulfing' pattern on the weekly scale. During the week, the Nifty50 slipped 1.2 percent.
At the close of market hours, the Sensex was up 181.39 points or 0.51 percent at 35695.10, and the Nifty up 55.10 points or 0.52 percent at 10727.40. The market breadth was narrow as 1322 shares have advanced, against a decline of 1255 shares, and 159 shares are unchanged.
The S&P BSE Small-cap index which fell by about 23 percent outperformed Sensex, Nifty as well as the S&P BSE mid-cap index. The index fell by 0.09
percent, compared to a 1.2 percent fall in the Nifty and 1.39 percent drop seen in the S&P BSE Mid-cap index.
India VIX fell by 3.74 percent at 16.16 levels. VIX needs to hold below 16 zones to again get a bounce back move in the market.
NSE & BSE TIPS, INTRADAY TIPS IS A CRUCIAL PART OF OUR ADVISORY RECOMMENDATIONS! TO EXPLORE MORE IN FINANCIAL TRADING CLICK HERE AND SUBSCRIBE US FOR FREE>> Stock Option Market Tips
No comments:
Post a Comment