Nifty closes near 16,000; Bajaj twins and HUL emerge as top gainers
Among the sectors, FMCG, auto, realty, media, IT, and financials closed higher while energy remained weak.
Market update at 3.30 PM: Indices ended at their respective day’s high and Nifty rose 1.13 per cent. Sensex gained about 616 points while Nifty Midcap and Nifty Smallcap climbed 1.90 per cent & 0.50 per cent, respectively.
Among the sectors, FMCG, auto, realty, media, IT, and financials closed higher while energy remained weak. Bajaj Finance, Bajaj Finserv, and HUL emerged as the Top Gainers while ONGC, Hindalco & Power Grid were the Top Losers.
Nifty closed just below the 16,000-level and also, formed a strong bullish candle.
Meanwhile, global cues shall continue to dictate world markets.
Market update at 2.10 PM: Nifty has fallen about 80 points from its day’s high. It tested the 16,000-mark once again but failed to move past it. It is currently up by 0.80 per cent while Sensex has gained about 446 points. Nifty Midcap has climbed 1.23 per cent while Nifty Smallcap remained flat.
Auto and FMCG are higher while energy & metals witnessed profit booking.
Market update at 12.30 PM: Indices are roaring on Wednesday as Nifty jumped 0.80 per cent and Sensex climbed over 430 points. Nifty Midcap is trading higher by over 1.04 per cent whereas Nifty Smallcap is flat.
Among the sectors, auto, realty, financials & FMCG are higher whereas energy has plunged due to a fall in crude prices. Bajaj Finance, Hero MotoCorp, and HUL are the top gainers while ONGC, NTPC & Hindalco are the top losers.
The advance-decline ratio stands at 1,027:867, indicating a positive picture in the market.
Market update at 9.30 AM: Indices have opened higher amid positive global cues. Nifty climbed 0.40 per cent while Sensex has gained about 300 points. Nifty Midcap and Nifty Smallcap are higher by half a per cent each.
Auto and banks emerged as the top performers while metals and metals are down.
Meanwhile, India VIX has slipped over a per cent.
Pre-market update: Last night, the US markets closed on a mixed note as investors focussed on the growth trajectory of the economy. Nasdaq soared 1.75 per cent whereas Dow Jones tanked 129 points. However, most of the Asian economies have opened lower but SGX Nifty indicates a gain of 10 points.
Crude oil prices fell sharply on Tuesday evening amid growing recession fears. WTI crude oil plunged below the 100-mark while Brent crude oil closed at USD 103 per barrel and is down by nearly 9 per cent.
Interestingly, the FIIs turned net buyers in the last trading session and bought about Rs 1,295 crore worth of equity. Meanwhile, the DIIs sold for around Rs 257 crore.
Nifty is likely to open around the level of 15,800 and is likely to remain volatile.
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