Nifty ended with a gain
of 28 points or 0.34 per cent at 8,380 made high of 8397 on Tuesday and Rallying for
the eighth consecutive session the Sensex advanced 74.16 points or 0.27 percent
to 27,804. but slipped into negative terrain briefly as profit-booking emerged
at higher levels. However, it bounced back to hit a high of 27,882, before
settling at 27,804.
Sentiment got a boost after Finance Minister Arun Jaitley yesterday said the
government will soon infuse capital in public sector banks,Hopes that
better-than-forecasted monsoon may help the RBI cut rates sooner than expected,
too triggered buying activity.
Nifty would
continue to display strength, and is likely to move even further up. Next
strong supply zone would be found between 8420 and 8470. On the downside, first
8282 through 8262 would be a support zone and the next major support is found
in the range of 8229 through 8209.after shuttling between 8,398.45 and
8,334.95. The market extended its northward journey for the eighth consecutive
session on Tuesday. Equity benchmarks closed marginally higher amid
consolidation as investors are eyeing for expiry of June derivative contracts
(on Thursday) and Greek deal that is expected to be this week. the market may
remain in a consolidation mode till June expiry and is waiting for Greece deal,
the corporate earnings may see revival from December quarter onwards.TOP GAINERS AND LOSERS ARE:
Top Gainers
COAL INDIA (4.5%), L&T (2.2%), CIPLA (2.2%), TATA STEEL (1.3%), BHARTI AIRTEL(1.2%)
Top Losers
LUPIN LTD (-2.0%), INFOSYS LTD (-1.8%), HERO MOTOCORP (-1.2%), TATA MOTORS (-0.5%), TCS (-0.5%)
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