As predicted in morning, Indian stock market opened on a high and ended the day with substantial gains. Not much volatility was noticed and the trading was a highly range bound. Although there was a sense of cheer and enthusiasm which kept the market in good stead and the volume too was encouraging. From the market beaviour it emerged that the market is all set to scale new peaks in the near future.
Strong global cues, positive global markets, approval of Banking Amendment Bill by Lok Sabha and hope of a repo rate cut in January boosted market sentiment and there was buying in all sectors. Number of positive signals from the Union Government as far as reform is concerned will definitely see the market go up in days to come.
Today, BSE Sensex ended at 19476, up 111.25 points over the previous close. It had earlier touched a day's high of 19516 and a day's low of 19419 before opening at 19429. The NSE Nifty closed at 5929.60, up 32.80 points over the previous close. It earlier touched a day’s high of 5939 and a day’s low of 5910 before opening at 5917.
Stocks of RIL, Infosys, Wipro, TCS, Tata Steel, Hero MotoCorp, Dr Reddys Lab, ONGC, Bharti Airtel, Sun Pharma, BHEL, Bajaj Auto, Tata Motors, Hindalco Inds, Mahindra & Mahindra were among gainers in Sensex and Nifty. While, stocks of HDFC, ICICI Bank, L&T, ITC, NTPC, SBI, HUL, Dr. Reddy’s Lab were the loosers in Sensex and Nifty.
The advance decline ratio was in favour of the bulls. 1649 stocks advanced against 1311 declining stocks. Only 145 stocks remained unchanged. The BSE Mid Cap and the BSE Small Cap also did well and closed higher by 0.5% and 0.4% respectively. Except the Capital Goods sector, all the other sectoral indices ended the day with smart gains. Auto, Healthcare and Metal sectors were the sectors that registered the smartest gains.
Strong global cues, positive global markets, approval of Banking Amendment Bill by Lok Sabha and hope of a repo rate cut in January boosted market sentiment and there was buying in all sectors. Number of positive signals from the Union Government as far as reform is concerned will definitely see the market go up in days to come.
Today, BSE Sensex ended at 19476, up 111.25 points over the previous close. It had earlier touched a day's high of 19516 and a day's low of 19419 before opening at 19429. The NSE Nifty closed at 5929.60, up 32.80 points over the previous close. It earlier touched a day’s high of 5939 and a day’s low of 5910 before opening at 5917.
Stocks of RIL, Infosys, Wipro, TCS, Tata Steel, Hero MotoCorp, Dr Reddys Lab, ONGC, Bharti Airtel, Sun Pharma, BHEL, Bajaj Auto, Tata Motors, Hindalco Inds, Mahindra & Mahindra were among gainers in Sensex and Nifty. While, stocks of HDFC, ICICI Bank, L&T, ITC, NTPC, SBI, HUL, Dr. Reddy’s Lab were the loosers in Sensex and Nifty.
The advance decline ratio was in favour of the bulls. 1649 stocks advanced against 1311 declining stocks. Only 145 stocks remained unchanged. The BSE Mid Cap and the BSE Small Cap also did well and closed higher by 0.5% and 0.4% respectively. Except the Capital Goods sector, all the other sectoral indices ended the day with smart gains. Auto, Healthcare and Metal sectors were the sectors that registered the smartest gains.
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