Nifty and Sensex ended 1 per cent strong, IT stocks led the rally.
After a sharp correction in the previous session, the benchmark indices closed higher today.
At close, the Sensex was up 452.73 points or 0.99 per cent at 46,006.69 and the Nifty was up 137.90 points or 1.03 per cent at 13,466.30.
About 1537 shares have advanced, 1325 shares declined and 165 shares remain unchanged.
On Nifty 50 index Adani Ports (5.49 per cent), HCL Tech (4.98 per cent), Tech Mahindra (4.17 per cent) and Infosys (3.67 per cent) were day’s top gainers, while Kotak Mahindra (-0.93 per cent), Bajaj Finance (-0.60 per cent), HDFC Ltd. (-0.46 per cent) and Indusind Bank (-0.24 per cent) were day’s top losers.
All the sectoral indices ended in green led by the IT index which was up by (3.36 per cent) followed by Metal & Pharma sector.
Author’s View: Traders are advised to wait and watch for a few days till market direction is confirmed, as the current market is highly volatile. IT stocks look promising and can be added for short term and medium-term gains.
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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