The Street had a flat opening with a positive bias. It soon extended the gains to hit a fresh record high of 31,000 on the Sensex. The Nifty clocked the key milestone in the afternoon.Mid-caps continued their positive momentum from Thursday when they returned to action after a corrective phase. The midcap index on the Nifty ended with gains of 1.3 percent. Among other sectors, metals saw a stellar rally on the Nifty index, followed by energy, FMCG as well as auto stocks. However, pharma stocks continued to sulk on the back of poor results as well as weak sectoral outlook given the pricing pressure in the US.
The Sensex ended 278.18 points higher at 31028.21, while the Nifty closed up 85.35 points at 9595.10. The market breadth was healthy as 1,810 shares advanced against a decline of 854 shares, while 182 shares were unchanged.The Indian Rupee closed high by 17 paise at 64.44 per Dollar.
Top Gainers: Tata Steel, Vedanta, Hindalco, BPCL, ITC.
Top Losers: Sun Pharma, Cipla, Lupin, TCS, Bank of Baroda.
Free Stock Tips For Tomorrow
Buy JMFINANCIL at above 131.80 Targets 133.10, 134.40, 135.70 Stop loss 129.20
Buy BAJAJELEC at above 361.40 Targets 365, 368.60, 372.20 Stop loss 354.20
Nifty Trend For Tomorrow
According to our technical analysis, tomorrow Nifty Market seems to follow the Bullish Trend, with having the Support around 9490, 9440 and Resistance around 9600, 9650 Buying On Dips will be beneficial for the traders.
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