The Sensex and Nifty witnessed strong gains and ended 1 per cent strong on 23 December, IT and Auto stocks led the rally.
At close, the Sensex was up 437 points or 0.95 per cent at 46,448.18 and the Nifty was up 135 points or 1 per cent at 13,601.10.
About 1,522 shares have advanced, 223 shares declined.
The midcaps and smallcaps outperformed the largecaps. BSE midcap and smallcap index rose 2.40 per cent and 2.65 per cent respectively.
On Nifty 50 index Wipro (5.86 per cent), Cipla (3.73 per cent), Tata Steel (3.33 per cent) and Infosys (2.67 per cent) were day’s top gainers, while Divis Labs (-0.87 per cent), Titan Company (-0.53 per cent), NTPC (-0.35 per cent) and Coal India (-0.33 per cent) were day’s top losers.
All the sectoral indices ended in green led by the Realty index which was up by (3.94 per cent) followed by IT, Metal, Auto and FMCG sector.
Author’s View: Nifty has formed strong support at 13,550 level. If this level is maintained we can see a further upside in the index till 13,750 – 13,800 level.
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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