Post Session: Bull-run continues at D-street; Sensex, Nifty end 1% higher ahead of GDP data 30/11/2016 16:17

Post Session: Bull-run continues at D-street; Sensex, Nifty end 1% higher ahead of GDP data
30/11/2016 16:17
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


Free Intraday Tips : Join Our Whatsapp No : 9841986753

The Indian benchmark indices ended higher for the fourth straight session on Wednesday amid sustained buying by domestic and foreign institutional investors on hopes of positive GDP data to be released later in the day. The market saw surge in buying across bank, capital goods, healthcare, consumer durables, realty, oil & gas and PSUs stocks, tracking firm trends from fellow Asian peers.

The 30-share benchmark index closed trade at 26652.81, up by 258.8 points or by 0.98 per cent, and the NSE Nifty ended at 8224.5, up by 82.35 points or by 1.01 per cent.

In the day’s trade, the BSE Sensex touched intraday high of 26680.55 and intraday low of 26395.5, while the NSE Nifty touched intraday high of 8234.25 and intraday low of 8139.25.

Outperforming the benchmark indices, the broader market ended on robust note with the BSE MIDCAP closing at 12498.62, up by 131.76 points or by 1.07 per cent, while the BSE SMLCAP settled at 12329.65, up by 155.99 points or by 1.28 per cent.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 265.00,+3.62%), Maruti Suzuki India Ltd. (Rs. 5263.45,+3.39%), State Bank of India (Rs. 258.40,+2.15%), Larsen & Toubro Ltd. (Rs. 1382.55,+2.07%), HDFC Bank Ltd. (Rs. 1199.60,+1.74%), among others.

On the flip side, GAIL (India) Ltd. (Rs. 423.00,-1.16%), Lupin Ltd. (Rs. 1503.20,-0.91%), Cipla Ltd. (Rs. 566.55,-0.45%), Reliance Industries Ltd. (Rs. 992.75,-0.31%), Tata Motors Ltd. (Rs. 459.35,-0.10%), were among top losers on BSE.

On the sectoral front, consumer durables and bank stocks emerged as top gainers, adding as much as 2.46 per cent and 2.2 per cent respectively.