Nifty50 opened in upward gape at 7640. Amid some encouraging statement on GST, Nifty50 surged 40 point in just 10 minute. Nifty50 made day's high at 7692 and finally closed at 7683. In morning session, India VIX traded in GREEN, but finally closed in RED. NSE ADR opened above one and closed well above two. USD-INR December future hovered around 67INR and closed at 67INR level.
Except NiftyPharma Index all other sectoral Index closed in GREEN. NiftyEnergy Index closed 2.5% higher. NiftyMetal Index closed 1,8% higher. NiftyReality Index closed 1.7% higher. NiftyIT Index closed 1.15% higher. NiftyPharma Index closed flat. NiftyAuto Index closed 0.2% higher. After trading in RED, BankNifty finally closed 0.3% higher.
Reliance closed 3.6% higher at 949INR, slightly below its 20D SMA, but above its 200D SMA & 50D SMA. Tatasteel and JindalStell each closed 3% higher. MindTree, Cyient, Oracle finance, Infy, TechMahendra each closed 2% higher. AuroPharma closed 2.5% higher. DRREDDY traded in green, but finally closed 0.4% lower. SunPharma closed flat. Glenmark closed 2.2% lower. AshokLeyland closed 2.8% higher. Bosch closed 2.1% higher at 18740INR. KotakBank closed at 1.5%. SBIN closed 1% lower. Canara Bank, AxisBank and Bank of India made fresh 52 week low in today's session. Reliance Communication closed 3% higher at 78.40INR. Welspun corp closed 1.4% higher.
Volume in NSE cash segment was flat, whereas volume in NSE Derivative segment was low. As per provisional figures, FIIs sold (net) equity worth 580 crore INR whereas DIIs bought (net) equity worth 410 crore.
At the end of session, India VIX closed in RED and NSE ADR is placed at well above 2. Together these two, they indicate firm opening in follow up session. Political news is likely to guide further movement.
Disclaimer :-
Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group.
Written Date : 10.12.2015 Thursday 22:45hours IST
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