The Indian stock market on Thursday closed amid global markets hitting record highs and the dollar falling after the US Federal Reserve signalled caution in raising interest rates. Oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year. While the Sensex closed 448 points or 1.48 percent higher, Nifty reclaimed the crucial 9,500 level and closed 1.59 percent or 149 points higher at 9509 level.All BSE sector are closed with major positive leads. The BSE Small Cap gained 292 points at 14848, BSE Mid-Cap rose 189 points at 14227 and Bank Nifty hiked 654 points at 23190.
Asian equity markets scaled two-year highs on Thursday after the US Federal Reserve signalled a cautious approach to future rate hikes and reduction of its $4.5 trillion bond holdings. Hong Kong’s Hang Seng index advanced 0.8 per cent to its highest level since July 2015 while Taiwanese shares hit a 17-year high.
Top Gainers: Larsen, ICICI Bank, IndusInd Bank, Bank of Baroda, Bosch.
Top Losers: Lupin, Dr Reddys Labs, Cipla, Sun Pharma, Power Grid Corp.
Share Tips For Tomorrow
Buy MASTEK above 275.80 Targets 278.50, 281.20, 283.90 Stop loss 270.40
Buy BAJAJELEC above 348.50 Targets 351.90, 355.30, 358.70 Stop loss 341.70
Nifty Trend For Tomorrow
According to our technical chart, tomorrow Nifty Market seems to follow the Bullish Trend, with having the Support around 9380, 9330 and Resistance around 9520, 9570 Buying On Dips will be beneficial for the traders.
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