The markets started off mildly bullish today but till the end of the day it closed at a lifetime high. It made a high of 9004 and low of 8925 and finally closed at 8996 (+0.44%). The immediate support for Nifty can be seen at 8720 while the resistance is at 9000.
Among the sectors, CNX ENERGY (+1.72%) was the highest gainer today followed by CNX IT (+1.52%), CNX MEDIA (+1.34%) AND CNX PSU BANK (+1.2%). The losers today were CNX REALTY (-1.55%), CNX AUTO (-0.91%). The Nifty breadth was positive today with 29 advances and 21 declines.
Among the prominent stocks, TCS was the highest gainer today with about +4.33% today along with RELIANCE (+4.15%) and BANKBARODA (+3.34%). The highest Nifty losers were M&M (-3.74%), AXISBANK (-2.31%) and TATAMOTORS (-2.05%).
Markets are having the after effects of the budget announcements. With the innovative and progressive measures being implemented into the economy the markets were in a very Bullish mode today and closed at a lifetime high of 8996.