The markets closed with significant gains today but the upward movement was confined to largecap stocks. The broader markets faced severe selling pressure. The upward movement in Reliance Industries gave a boost to oil & gas index. Sugar stocks moved up on expectations of a government nod for increased exports. Other top performers included consumer durables, FMCG and IT while realty, metal and healthcare were the losers. The Sensex closed at 17727, up 177 points from its previous close, and the Nifty shut shop at 5320, up 42 points. The CNX Midcap index was up 0.1% and the BSE Smallcap index lost 0.3% in today's trade. The market breadth was negative with advances at 513 against declines of 768 on the NSE. The top Nifty gainers were ITC, RCom, RIL and Reliance Capital and the biggest losers included Maruti Suzuki, Cipla, IDFC and Grasim.
Source: money.rediff.com
Neeraj Rajgarhia
Summer Intern - Technical Analyst
DENIP Consultants Pvt. Ltd.
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