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Nifty Ends Above 15,100, Sensex Breaches 50,000 Mark


Nifty Ends Above 15,100, Sensex Breaches 50,000 Mark
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Nifty closes above 15,100 and the Sensex jumps 613 points as the domestic COVID-19 cases fall below 3 lakh mark. Metal, Energy and Auto stocks outperformed.

At close, the Sensex was up 613 points or 1.24 per cent at 50,193.33 while the Nifty was up 185 points or 1.24 per cent at 15,108.10.

On the Nifty 50 index, M&M (5.86 per cent), Bajaj Auto (5.25 per cent), Titan Company (4.83 per cent), Bajaj Finance (4.76 per cent) and Tata Motors (3.53 per cent) were the top gainers for the day, while Bharti Airtel (-2.42 per cent), ITC (-1.20 per cent), Coal India (-1.15 per cent), Dr. Reddy’s Labs (-0.66 per cent) and Divi's Labs (-0.48 per cent) were the top losers for the day.

On the sectoral front, except Nifty Pharma (-0.19 per cent), Nifty FMCG (-0.19 per cent) and Nifty PSU Bank (-1.27 per cent) all other sectoral indices ended in green. Nifty Auto (3.22 per cent), Nifty Energy (1.66 per cent) and Nifty Metal (1.66 per cent) were the top performing sectors for the day.

The BSE Midcap and Smallcap indices gained 1.87 per cent and 1.28 per cent respectively.   

Author’s View: Going forward 14,800 - 14,900 will act as a strong base. Holding above the said levels, the structure will be quite positive and any dip near the levels will be a buying opportunity. The index will face stiff resistance between 15,200 – 15,300 levels.

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.

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