Indian benchmark indices retreated after hitting a day’s high in the first hour of the trading session. We had talked of 8460 as the resistance for the Nifty, likewise, it hit the 8460 mark and then took a u-turn. 8400 will still act as an immediate support for now.
Finally, both the Nifty and the Sensex closed marginally higher by 0.23% and 0.08% respectively, maintaining consolidation for the fifth consecutive day.
Broader markets outperformed, wherein Small-cap and Mid-cap indices surged 0.65% and 0.47% respectively, and market bias remained positive with 1509 advances and 1215 declines.
On the sectoral front, all the sectors ended in the green, where Metals exceled again with 2.38% gains. Nalco, Jindal Steel, Vedanta, Hindalco and Tata Steel led the move with gains ranging between 3-5%. Otherwise, Auto and Realty closed on a flat to positive note.
On the stock specific front, Ultratech Cements, BHEL and Hindalco were the top gainers; while Idea Cellular, NTPC and GAIL were the top losers for the Nifty.
Finally, both the Nifty and the Sensex closed marginally higher by 0.23% and 0.08% respectively, maintaining consolidation for the fifth consecutive day.
Broader markets outperformed, wherein Small-cap and Mid-cap indices surged 0.65% and 0.47% respectively, and market bias remained positive with 1509 advances and 1215 declines.
On the sectoral front, all the sectors ended in the green, where Metals exceled again with 2.38% gains. Nalco, Jindal Steel, Vedanta, Hindalco and Tata Steel led the move with gains ranging between 3-5%. Otherwise, Auto and Realty closed on a flat to positive note.
On the stock specific front, Ultratech Cements, BHEL and Hindalco were the top gainers; while Idea Cellular, NTPC and GAIL were the top losers for the Nifty.
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