Nifty firmly closed above 8750 levels; Cadila Healthcare up by 22.71%

Nifty  closed at 8778 levels, up by 53.30 points or 0.61%; while Sensex closed at 28301.27 levels, up by 145.71 points or 0.52%.
 
There were 1136 advances, 484 declines and 296 unchanged stocks on NSE, reflecting strong positive bias floating in the market. 37 stocks touched their fresh 52 week high; whereas 19 stocks touched their fresh 52 week low on NSE in Thursday’s trading session.
 
Tata Group stocks traded in green on Thursday.
 
FMCG heavyweight player, ITC Limited closed at Rs 266.30 per share, down by Rs 6.70 per share or 2.60%. The stock contributed the most to the BSE FMCG index’s losses. Though the index was trading in red, Radico  Khaitan is the top gainer in the index, closing at Rs 130 per share, up by Rs 9.70 per share or 8.06%.
 
Other FMCG stocks like KCP Sugar & Industries Corporation Ltd., Dalmia Bharat Sugar and Industries Ltd., Vadilal Industries Ltd., Goodricke Group Ltd., LT Foods Ltd., and Som Distilleries and Breweries Ltd., closed higher by 4%.
 
Broader Markets outperformed the major indices in Thursday’s trading session. BSE Mid-cap index closed at 13352.59 levels, up by 164.77 points or 1.25%. BSE Small-cap index closed at 13413.95 levels, up by 179.13 points or 1.35%.                

Opening Bell - Markets open in green with slight positive bias; TCS is Nifty top gainer; ITC is Nifty top loser

At 9:15 AM, the BSE Sensex opened higher by 68.29 points at 28223.85, while the Nifty50 opened higher by 14.3 points at the 8739 mark.
 
The rupee opened at 66.94 per dollar.
 
There were 843 advances, 509 declines and 439 unchanged stocks on NSE showing slight positive undertone. TCS is the top Nifty gainer while ITC is the top Nifty loser in morning hours.
 
TCS is trading at Rs 2471 per share, up by 2.37%. ITC is trading at Rs 270.35 per share, down by 1.12%.
 
On the upside, immediate resistance is placed around the level of 8750 and major resistance is placed around levels of 8820-8825.

The Asian markets are exhibiting mixed sentiments. Japanese Nikkei 225 is trading lower by 117.31 points or 0.61%. China’s Shanghai Composite index is trading higher by 5.77 points or 0.18%. SGX Nifty is trading higher by 7.50 points or 0.09%.
 
European markets firmly closed in positive territory. FTSE 100 closed higher by 33.85 points or 0.46%. CAC 40 of France closed higher by 29.04 points or 0.59%. German DAX closed higher by 22.12 points or 0.19%.
 
The US stocks closed higher on Wednesday, with major indices not only ending at record levels, but extending their winning streaks to a seventh straight session. Dow Jones Industrial Average gained 106.66 points, S&P 500 rose 11.59 points and the Nasdaq Composite Index gained 36.87 points.