Nifty may head higher as long as it closes above 7460
After gap up opening on the bourses the benchmark indices put in a strong rally for today aided by a stable Asia, strong rally in Europe and huge rise in pre-market futures in the US. The indices managed to close near to the day’s high. The major indices of the stock markets are given in the table below:
India VIX fell 8.87% to close at 18.4300. NSE recorded a volume of 83.97 crore shares.
Indian markets, especially at open, got a breather after Chinese GDP numbers came in more or less as expected. Rise in oil prices also helped sentiments, which were further boosted by rise in European markets. Further, bounce-back in commodity prices, rally in global markets and cues thereof and decent corporate earnings of India Inc so far has uplifted the sentiment of the Street.
In Tuesday's trade, good buying was observed in industrials, capital goods, telecom and banking sectors.
Among the sector-specific indices, industrials index gained by 3.01%, capital goods index surged by 2.85%, telecom index moved up by 2.74% and bankex inched up by 1.68 points.
The 100-scrip and 200-scrip indices were higher by 1.15% and 1.20%, respectively. Mid-cap index was up by 1.75% and small-cap index ended 1.74% higher.
The top gainers and top losers of the major indices are given in the table below:
Among the Asian markets, Japan's Nikkei moved up by 0.55%, China's Shanghai Composite Index was higher by 3.25% and Hong Kong's Hang Seng was up by 2.07%.
In Europe, London's FTSE 100 was up by 1.79%, France's CAC 40 moved up by 2.35%, and Germany's DAX Index was higher by 1.97% at the closing in the Indian markets.
The closing values of Asian indices are given in the table below: