Tuesday, December 29, 2015

Sensex rangebound,Nifty50 trades above 7900

The S&P BSE Sensex traded in a range on tuesday following mixed cues seen in different Asian markets and Wall Street overnight.

The Nifty50 was trading above its crucial terms of 7,900, supported by gains in realty, power, oil & gas, and automobile stocks

Almost all the sectoral indices, apart from the nifty METALS closed in the green, indicating some intrinsic strength, that we have been reiterating over the last 2-3 days. The nifty pharma, nifty ENERGY & nifty automobile moved  UP by more than a percent.
Top Gainers:

NTPC (2.47%), ADANI PORTS & SEZ(1.87%), BHARTI AIRTEL (0.86%), HDFC (0.83%), TATA STEEL (0.77%)

Top Losers:

HUL (0.92%), ICICI BANK(0.76%), ONGC (0.60%), BHEL (0.58%), AXIS BANK(0.48%)

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