Nifty Closed In Green, IT Index Lead the Rally!

Nifty Rise over 150 points from the lower level of 17750 and closed just below 17900 Level whereas Bank Nifty closed flattish like yesterday not supporting Nifty to cross 17900 mark.

On the front of Advance-Decline Ratio 948 stock advances and 1078 declines in today’s trade.

Adani Group stocks fell post MSCI Review.

Bajaj Finserv, Hindalco, and HDFC Life Insurance were among the top gainers today.

Adani Enterprises, Adani Ports, and Cipla on the other hand, were among the top losers today.

The broad markets ended on a negative note. The BSE Midcap index finished unchanged, while the BSE SmallCap index fell 0.2%.

Sector indices ended on a mixed note, with stocks in the capital goods, information technology, and finance sectors seeing buying. While stocks in the power, real estate, and telecommunications  sectors were selling.

Asian stock markets ended the day with a mixed bag. The Hang Seng gained 1.6%, while the Shanghai Composite gained 1.2%. Today’s Nikkei ended 0.1% lower.

Stock futures in the United States are trading higher. The Dow futures are up 0.7%, while the Nasdaq futures are up 1.1%.

The rupee is currently trading at 82.53 against the US dollar.

The latest MCX gold contract is trading 0.1% higher at Rs 57,256 per 10 grammes.

Meanwhile, silver prices for the most recent contract on the MCX are unchanged at Rs 67,637 per kg.

SECTORAL PERFORMANCE