After a volatile trading session, the benchmark indices end at record close. Index heavyweights TCS and RIL were the top contributors.
At close, the Sensex was up 92 points or 0.19 per cent at 49,584.16 while the Nifty was up 31 points or 0.21 per cent at 14,595. About 1467 shares have advanced, 1489 shares declined and 166 shares remain unchanged.
On the Nifty 50 index, UPL (3.60 per cent), BPCL (3.59 per cent), TCS (2.90 per cent), IndusInd Bank (2.86 per cent) were the top gainers for the day, while HCL Tech (-2.68 per cent), Axis Bank (-1.72 per cent), JSW Steel (-1.63 per cent) and Tech Mahindra (-1.59 per cent) were the top losers for the day.
On the sectoral front, the metal index was more than 1 per cent week while the Energy, Auto, FMCG and Pharma sectors witnessed good buying.
Author’s View: The view on Nifty is intact. The mood of the market seems to be on the bullish side. A fresh long position should be initiated after a decisive breakout above 14,680 level. For a fresh short position, we should wait for Nifty to break down below 14,400 level.
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