Stock Market Closing Bell Today: Sensex, Nifty close after range-bound intraday trade; Indiabulls Real Estate, Mastek, Wipro shares gain
Stock Market Closing Bell Today: On accocunt of mixed cues from the global and domestic indicators, the Indian indices continued to trade range-bound throughout the intraday trade session.
Stock Market Closing Bell Today: On accocunt of mixed cues from the global and domestic indicators, the Indian indices continued to trade range-bound throughout the intraday trade session. On global front, weak US market cues continued to boost the morale of the bears while the ease in India China border tension held the positive morale of bulls. The BSE Sensex shot up 7 points after closing at 38,848 mark while the 50-stocks NSE Nifty edged edged 15 points higher at 11,464. Bank Nifty added 13 points and closed at 22,479 mark.
Speaking on the closing bell today Simi Bhaumik, a SEBI registered technical equity analyst said, "NSE Nifty has closed near 11,450 that means the market is still in the range of 11,400 to 11,500. It has strong resistance at 11,500 to 11,550 range. If the 50-stocks index manages to break this hurdle and sustains above 11,550 level, we can expect it to go up to 11,800 and then possibly at 12,000 mark." She maintained that pharma, auto, metal and IT stocks will continue to dominate the market rally.
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Shares of Strides Pharma, NIIT Technologies, Nesco, Kajaria Ceramics, Hindustan Zinc, Manappuram Finance, IIFL Finance, Hindustan Copper, Jamna Auto Industries were among the leading gainers after the closing bell today while shares of Amber Enterprises, Granules India, Cyient, Cummins India, JSW Energy, PVR, KNR Constructions, Aditya Birla Capital and Voddafone Idea were among the major losers in the intraday trade session.
Real estate stocks led the bull run on Dalal Street as the BSE Realty index soared to the tune of 1.31 per cent after the closing bell today. Realty major Indiabulls Real Estate share price soared 3.92 per cent, DLF shares shot up 2.86 per cent, shares of Mahindra Lifespace Developers went northward 1.10 per cent, Prestige Estates Projects stock price surged 2.81 per cent while Brigade Enterprises stocks added 0.81 per cent.
IT stocks also witnerssed fresh buying throughout the intraday trade session as the BSE IT index logged 1.15 per cent rise after the closing bell. IT major Mastek share price skyrocketed 10 per cent, NIIT Technologies shares shot up 8.88 per cent, Ramco Systems share surged 4.99 per cent, Wipro share price rose 2.84 per cent, Tata Elxsi stock price went up 2.40 per cent while Tata Consultancy Services or TCS stocks added 1.81 per cent.
Among teh major Asian stock markets, the Japanese Nikkei scaled up 0.74 per cent, Kospi addded 0.01 per cent, Hang Seng soared 0.78 per cent while Shanghai index shot up 0.79 per cent.
At Wall Street yesterday, Dow Jones crashed 1.45 per cent, Nasdaq tanked 1.99 per cent, S&P 500 nosedived 1.76 per cent while Small Cap 2000 shed 0.77 per cent.
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