Nifty, Sensex Close at New Highs on Late Buying; Dow Futures Negative

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Nifty, Sensex Close at New Highs on Late Buying; Dow Futures Negative

By Aditya Raghunath -- Massive buying in the last 30 minutes of the day’s trading saw Nifty 50 and the BSE Sensex 30 close at record highs. Nifty closed up 0.31% at 16,614 and the Sensex closed up 0.38% at 55,792. This is the first time Nifty has closed over 16,600, and if it holds strong, a rally to 16,900 is on the cards according to market experts.

Tata Consumer Products Ltd (NS: TACN ) closed up 3.83% followed by Wipro Ltd (NS: WIPR ) and Tech Mahindra Ltd (NS: TEML ) which gained over 3% each. Hindustan Unilever Ltd. (NS: HLL ) and Nestle India Ltd (NS: NEST ) also closed over 2.3% each.

JSW Steel Ltd (NS: JSTL ), Adani Ports and Special Economic Zone Ltd (NS: APSE ) and Tata Motors Ltd (NS: TAMO ) lost over 2% each while Coal India Ltd (NS: COAL ) and UPL Ltd (NS: UPLL ) lost over 1.5% each. Nifty Bank saw selling, closing down 1.02%.

Asian markets were weak throughout the day with Nikkei 225 down 0.36%, KOSPI 50 down 0.89% and the Shanghai Composite ended down 2%.

US stocks are set to open lower later, after a now-familiar surge to record highs in late trading the previous day. As of this report, Dow Jones 30 Futures and S&P 500 Futures were down 0.41% each and Nasdaq 100 Futures were down 0.35%. The first two had both closed at record highs on Monday.

Crude oil has lost the $67 level while gold has moved up to $1,794.3 an ounce.

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  • satyabrata nayak @satyabrata nayak
    world War in Afghanistan & taliban...
    Like 0
  • satyabrata nayak @satyabrata nayak
    why Indian mkt bullish, without any reason
    Like 1
  • Tarang Shah @Tarang Shah
    dow futures LOL.. it's been 4 long months since this market is ignoring global markets and is highly manipulated!
    Like 2
  • satyabrata nayak @satyabrata nayak
    market will crash due to over bought
    Like 0

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