Closing Bell: Sensex ends over 130 points higher, Nifty closes above 10,500; midcaps outperform.
It’s a good follow-through to the market’s strong close on October 12, 2018, with the Sensex closing over 100 points higher. The Nifty ended above 10,500-mark.
Buying counters were buzzing in IT as well as pharmaceuticals, while automobiles, and metals were some of the losers. However, midcaps had a very strong day, with the Nifty Midcap ending over a percent higher.
At the close of market hours, the Sensex ended up 131.52 points or 0.38% at 34865.10, while the Nifty rose 40 points or 0.38% at 10512.50. The market breadth is positive as 1,637 shares advanced, against a decline of 965 shares, while 895 shares were unchanged.
Infosys, ITC, Dr Reddy’s and Cipla were the top gainers, while Mahindra & Mahindra, HUL, and Bajaj Finserv lost the most.
HEADLINES OF THE DAY
HUL stock declines 3.5% .
Short-covering rally may extend this week.
IndusInd Bank declines 3% ahead of September quarter numbers.
The crucial resistance for Nifty spot is now seen at 10540 and above this 10650 Support for the immediate term is now placed at 10280 next support will be 10090.
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