Bulls retained tight control over Dalal Street for the third consecutive session on Wednesday as the Sensex closed above psychological 30,000-mark for the first time ever. While the Nifty settled at record closing high ahead of expiry of April derivative contracts (due Thursday), the broader markets lost ground on profit booking. The rally was driven by hopes of earnings growth and continued buying by domestic investors. Rising global optimism on French elections results and likely announcement of tax reforms by Donald Trump in the US also pushed the markets higher. The Sensex closed up 190.11 points at 30,133.35 and the Nifty gained 45.25 points at 9,351.85 despite volatility in late trade, driven by banking & financials and FMCG stocks.
Asian Market update: On the global front, Asian markets closed higher following a positive lead from Wall Street on the back of strong earnings announcements and on hopes of tax reforms in the US. Nikkei 225 gained 210 points at 19289, Hang Seng hiked 122 points at 24578 and Shanghai Composite closed higher by 6 points at 3140.85 6.28
Today’s Top Gainers: M&M, ITC, Hindalco, HDFC, HUL.
Today’s Top Losers: Tech Mahindra, HCL Tech, Adani Ports, Bharti Infratel, Infosys.
Share Tips For Tomorrow
Buy HOVS at above 215 Targets 217, 219, 221 Stop loss 211
Buy PRAJIND at above 87 Targets 87.8, 88.6, 89.4 Stop loss 85.4
Nifty Trend For Tomorrow
According to our technical chart, tomorrow Nifty Market seems to follow the Bullish Trend, with having the Support around 9310, 9275 and Resistance around 9380, 9405 Buying On Dips will be beneficial for the traders.
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