Nifty Closes Up, Misses 16,500 Level by 4 Points; Dow Futures Up

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Nifty Closes Up, Misses 16,500 Level by 4 Points; Dow Futures Up

By Aditya Raghunath

Investing.com -- Indian markets opened up but faced resistance and broke a little before moving in a range the whole of today’s trading session. Nifty 50 closed up 0.28% and the BSE Sensex 30 closed up 0.41%.

Market analysts have advised investors to stick to large caps and buy on dips. Nifty briefly crossed 16,500 but closed a shade lower. For the market to gain any sort of upward momentum, the Nifty has to close strongly over the 16,500 level.

HCL Technologies Ltd (NS: HCLT ) was the top gainer on Nifty, closing up 4.26%, followed by Tata Consultancy Services Ltd. (NS: TCS ) which closed 2.12% higher. Nestle India Ltd (NS: NEST ) also gained over 2%.

Grasim Industries Ltd (NS: GRAS ) was the top loser, ending down 3.14% while Adani Ports and Special Economic Zone Ltd (NS: APSE ), Mahindra and Mahindra Ltd (LON: MAHMq ), Eicher Motors Ltd. (NS: EICH ) and Bajaj Auto Ltd (NS: BAJA ) lost over 2% each.

Asian markets all ended strong. Nikkei 225 closed up 1.78% while KOSPI 50 gained 0.97% and the Shanghai Composite closed up 1.45%.

US stock markets are set to open higher later, with a measure of risk appetite returning around the world after China reported no new cases of Covid-19 through community spread for the first time since July.

As of this report, Dow Jones 30 Futures were up 0.46%, while S&P 500 Futures and Nasdaq 100 Futures were up 0.33% and 0.27% respectively.

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  • Nifty will not cross 16500 for this week
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    • A K Gamer @A K Gamer
      DII tyaari kr rhe hain bechne ki har ek top pe
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