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SENSEX GAINS 100
POINTS, NIFTY ENDS ABOVE 8100
Sensex ended with a gain of 118 points at 26349. The benchmark
indices opened at 26253, touched an intra-day high of 26390. and low of 26125.The
Nifty gained 42 points and closed at 8,128. It opened at 8,088. points, hitting
a high of 8,141. and low of 8,056. While the day began with both the
Indices trading in red, there was some momentum gained towards the end ahead of
RBI policy meet. Polls suggesting RBI may cut the rate by 25 bps affected the
sentiment.The Auto and Bank sectors activities ensured that the Sensex
and Nifty ended in green. When the market closed, Sensex gained more than 100
points while Nifty gained 42 points and closed above 8100. Technically,
A strong break below 8050 will increase the downside pressure and drag it to
8000/7950. Traders can go short on a break below 8050.On the other hand, a
decisive break above 8200 will ease the downside pressure and take the index
futures higher to 8250 and 8350 .
TOP
GAINERS: Asian Paints, Hindalco, M & M, Lupin, Yes Bank, IndusInd Bank,
TOP LOSERS: Tech Mahindra, TCS, HDFC, Idea, Gail, Sun Pharma, Wipro, BPCL
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