The markets closed with moderate gains today with largecap stocks outperforming broader markets. Realty and capital goods lost significantly while oil & gas and IT made robust gains. Banking sector also came under pressure and the Bank Nifty breached its crucial support level of 10,500. The Sensex closed at 17560, up 54 points from its previous close, and the Nifty shut shop at 5276, up 18 points. The CNX Midcap index was down 0.4% and the BSE Smallcap index also lost 0.4% in today's trade. The market breadth was negative with advances at 524 against declines of 764 on the NSE. The top Nifty gainers were TCS, Ambuja Cements, IDFC and Sun Pharma and the biggest losers included Jaiprakash Associates, DLF, Reliance Infra and SBI.
Source: money.rediff.com
Neeraj Rajgarhia
Summer Intern - Technical Analyst
DENIP Consultants Pvt. Ltd.
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