BSE Sensex soared by more than 100 points with Ultratech Cement, LT and Dr Reddy’s being the top BSE Sensex gainers. BSE Sensex managed to close above the important 56k levels on Friday.

The global markets were supportive on Friday with European indices trading in green and the US futures signalling a positive start for the markets on Friday.  

 Broader markets outperformed the frontline indices with BSE Midcap Index closing with gain of 1.04 per cent and the BSE SmallCap Index rising by 0.93 per cent. 

Considering that the broader markets continue to outperform the frontline gauge, we expect stock-specific action to continue on D-Street.

Stocks like L&T, TCS and Ultratech Cement are helping the cause as they combinedly have added nearly 32 points to Nifty’s kitty. Meanwhile, the broader market indices were seen outperforming frontline indices with Nifty Midcap 100 and Smallcap 100 advanced by 1.03 and 0.69 per cent, respectively.

The market opened in red on August 27, 2021.

The market opened in red on August 27, 2021, overall volumes in futures & options currently stand at 11,50,97,830 contracts with a turnover of Rs. 1,00,07,430.89 crore.

The market opened in red on August 27, 2021, overall volumes in futures & options currently stand at 11,50,97,830 contracts with a turnover of Rs. 1,00,07,430.89 crore.

Zen Technologies is a small arms manufacturing company. Market participant are betting in better prospects for the company post the fresh notification from the GOI on Drone Rules for 2021.  

Some of the outperforming BSE 500 stocks displayed a bullish engulfing pattern on Thursday. Bullish Engulfing pattern is respected by bulls as the buyers dominate the trade.