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Benchmark Indices End Near Day's High Led By Real Estate & Financial Stocks


Benchmark Indices End Near Day's High Led By Real Estate & Financial Stocks
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Nifty ends above 15,300, Sensex gains more than 350 points to end near day’s high led by IT and Real Estate stocks.

At close, the Sensex was up 379.99 points or 0.75% at 51,017.52 and the Nifty was up 93.00 points or 0.61 per cent at 15,301.50.

About 1913 shares have advanced, 1146 shares declined and 140 shares remain unchanged.

On the Nifty 50 index, Bajaj Finserv (4.66 per cent), Bajaj Finance (2.71 per cent), Infosys (2.62 per cent), Grasim (2.51 per cent) and UPL (2.00 per cent) were the top gainers for the day, while Power Grid Corp (-3.13 per cent), JSW Steel (-2.65 per cent), Hindalco (-2.61 per cent), Tata Steel (-2.09 per cent) and NTPC (-1.94 per cent) were the top losers for the day.

On the sectoral front, except Nifty Metal (-1.86 per cent) and Nifty Energy (-1.13 per cent) all sectoral indices ended in green led by Nifty IT (1.76 per cent) and Nifty Realty (2.84 per cent).

The BSE Midcap index was down 0.14 per cent while the Smallcap index rose 0.69 per cent.

Author’s View: The index managed to cross 15,300, if we can sustain these levels, we should head towards 15,500 – 15,600. 15,100 is a good support for Nifty and hence fresh long positions can be initiated near this level.

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.

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