Indian markets were in a rejoicing mood today because of two key pointers –
US Federal Reserve meeting did not have much negative news for the time being, and
Crash in Chinese markets led to fresh inflow which benefitted our domestic bourses
Nifty opened today at 8114 and kept trending upwards with a high of 8186 and a low of 8101 to finally close at 8177 (+1.06%).
Among sectoral indices, there were many positive sectors today with CNX ENERGY (+2.99%) being the highest gainer followed by CNX PHARMA (+1.35%), CNX AUTO (+1.2%) and CNX FINANCE (+1.03%). The only losers today were CNX MEDIA (-0.34%) which lost the highest followed by CNX REALTY (-0.23%), CNX METAL (-0.17%) and CNX FMCG (-0.01%).
Among stocks, the highest gainers today were RELIANCE (+5.25%), LUPIN (+4.52%), BPCL (+2.75%), ONGC (+2.61%) and ASIANPAINTS (+2.37%). The losers were not so massive today, still a few unlucky ones were ZEEL (-1.67%), TECHM (-1.31%), BANKBARODA (-1.17%), PNB (-0.94%) and COALINDIA (-0.79%).
So far, in past 6 sessions, Nifty has managed to gain 215 points, which is encourageable, especially considering the fact that it briefly broke the psychological 8k mark. But the million dollar question that hangs in the mind of investors right now is that, will it sustain?
Markets will answer that, in due time.
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