Post Session: Sensex ends 184 pts higher, Nifty settles below 8,500 07/11/2016 16:31

Post Session: Sensex ends 184 pts higher, Nifty settles below 8,500 07/11/2016 16:31
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The key domestic benchmark indices ended in positive terrain on Monday, paring some of early gains, helped by strong global recovery and short covering, tracking a positive trend across markets in Asia. The market sentiment got a lift amid positive developments on US election front after the Federal Bureau of Investigation maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House.

The 30-share benchmark index closed at 27458.99, up by 184.84 points or by 0.68 per cent, and the NSE Nifty ended at 8497.05, up by 63.3 points or by 0.75 per cent.

During the day’s trade, the Sensex touched an intraday high of 27591.15 and intraday low of 27398.72, while the NSE Nifty touched intraday high of 8535.85 and intraday low of 8481.45.

On the corporate front, Lupin surged nearly 7 per cent on the Bombay Stock Exchange after the pharma major received Establishment Inspection Report (EIR) from the US health regulator for its Goa plant leading to closure of all outstanding inspections of the facility.

The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1519.40,+6.93%), State Bank of India (Rs. 252.70,+4.06%), ICICI Bank Ltd. (Rs. 278.75,+3.36%), ITC Ltd. (Rs. 256.70,+3.05%), Tata Steel Ltd. (Rs. 411.50,+2.10%), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2279.35,-2.18%), Larsen & Toubro Ltd. (Rs. 1399.85,-1.34%), Hindustan Unilever Ltd. (Rs. 838.15,-1.09%), Tata Motors Ltd. (Rs. 507.30,-0.94%), Oil And Natural Gas Corporation Ltd. (Rs. 267.35,-0.85%), were among top losers on BSE.

On the sectoral front, metal and healthcare stocks were among top gainers on BSE, rising as much as 1.94 per cent and 1.89 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3186, shares advanced were 2106 while 934 shares declined and 146 were unchanged.