Global markets' recovery pulled Indian markets to witness a smart recovery.Nifty gained 124.05 points and set at 4987.35 after hitting 5000 mark whereas Sensex jumped 403.57 points to end at 16424.21.
US$ also eased by 28 paise to promote today's rally into equity market.
All BSE sectorial indices closed into positive.Auto index was the top gainer by 3.75% folled by Capital Goods' index(3.51%), Power(3.38%) and Metal index(3.0).
In Nifty50 stocks, Tatamotors gained the most and rose by 5.41% and ended at 233.65.Cipla was the top loser by 0.34% which ended at 308.7.
LITL was the turnover topper by the traded quantity and SBIN by the traded value.
Advance/Decline ratio was positive at 3.7:1 as 1146 stocks gained and 311 declined today on NSE.
Nifty Outlook :
Immediate Support : 4939
Breakout above 5015(closing).
Nifty fut. has changed the trend for the short term from down to up as it has crossed level of 4939 but again Nifty June Fut. was hovering at crucial resistance level of 4980-4990 and closed just below it at 4975.3 with a discount of 22 points. If Nifty fut. crosses 4980-4990 level it will face a resistance around 5010-5015 and which is also considered as a breakout level for further avenues up to 5100 and 5170.
Major Global Indices :
Nikkei : +151.53
Hang Seng : +261.5
FTSE : +74.31
CAC : +62.42
DAX : +103.38
Dow Futures : +111
Nasdaq Futures : +26.25
Gold(US$) : 1635.02
Silver(US$) : 29.35
USD/INR : 55.4280
EUR/INR : 69.2950
GBP/INR : 85.8370
JPY/INR : 1.4280
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